Gas Pumps (TFP File Photo)

Gas Prices In Florida Drop 9 Cents, State Average At $3.14 Per Gallon

Gas Pumps (TFP File Photo)
Gas Pumps (TFP File Photo)

TAMPA, Fla. – Gas prices in Florida dropped 9 cents last week, with the state average now at $3.14 per gallon.

Florida’s average gas price is now on a 10-day streak of declines, falling a total of 13 cents per gallon since February 1, according to data by AAA.

“Florida gas prices have recently followed a cycle where they decline for about two weeks, then shoot back up again,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “That trend, plus a recent uptick in futures prices, will likely lead to a jump at the pump, possibly as early as Monday afternoon.”

Read: Florida Republicans Endorse Trump, Says Primary Is Over And Focus Should Be On Beating Biden

Crude oil and gasoline futures prices logged strong gains last week. The U.S. price for crude oil rose nearly $5 per barrel last week (+6%). Gasoline futures rose nearly 20 cents per gallon.

The increases were attributed to reduced refinery activity, as refineries begin scheduled seasonal maintenance and prepare to switch from winter to summer blend gasoline. 

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