ORLANDO, Fla. — Florida gas prices have reached their lowest point since December 2023, with the state average dropping to $2.90 per gallon as of October 20.
The decline in gas prices is attributed to robust global oil supplies and a seasonal decrease in gasoline demand, according to Mark Jenkins, spokesman for AAA - The Auto Club Group.
This marks a 2-cent decrease from last week and a 28-cent drop from last month.
“Florida gas prices continue to fluctuate week to week, but the overall trajectory is downward,” said Mark Jenkins, spokesman for AAA - The Auto Club Group.
The expense to fill a typical 15-gallon tank is now about $43.50, nearly $3 less than last year at this time. Crude oil prices have dropped too, with U.S. crude closing at $57.54 per barrel on Friday, the lowest level since May.
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