As nearly 2 million Floridians prepare to take a Memorial Day road trip, Florida gas prices are drifting lower.
On Sunday, the average price for gasoline in Florida was $4.48 per gallon. The state average has declined 3 cents after setting a new record high price of $4.51 per gallon last week.
“Even though pump prices have moved slightly lower, gas prices on Memorial Day are still forecast to be the holiday’s most expensive yet,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “A combination of tightening global supplies and strengthening demand are the main culprits behind this unprecedented pain at the pump. Unfortunately, there doesn’t appear to be a quick end in sight. Gas prices are likely to continue fluctuating throughout the summer and remain well above year-ago levels.”
Before this year, the highest Memorial Day average gas price was set in 2008 at $3.93 per gallon. Last year, Memorial Day travelers paid an average price of $2.86 per gallon. The state average was $2.60 in 2019 and $2.91 in 2018.
AAA expects 100,000 more Floridians to take a road trip this Memorial Day despite historically high gas prices. That’s 5.4% more than last year’s holiday weekend.
Although there is forecast to be a strong rebound in air travel this year, 90% of holiday travelers are expected to drive to their destination.