AAA: Have FL Summer Gas Prices Peaked?

By on June 20, 2016 in WNDB News

another full gas gauge

Daytona Beach, FL-AAA Florida says gas prices at the pump across the state have fallen in recent weeks and that’s leading industry watchers to wonder if the annual gas price peak has already passed. Average prices statewide in Florida have fallen 5 cents in the past 12 weeks.

In Daytona Beach, the average price Sunday for a gallon of self-serve regular unleaded was $2.27. A week ago that price was $2.30. A year ago the same gallon of gas would set you back $2.73.

“Gas prices usually hit their highest point of the year during the first six months and that could be what has happened in the past couple weeks,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gasoline supply shouldn’t be a problem moving forward, as refineries increase production this time of year to meet increased demand for the summer travel season. However, pump prices could rise if there are swings in the price of crude, supply disruptions, or if a major storm moves into the Gulf of Mexico. After the summertime, prices usually decline through the fall and winter seasons, as people drive less and demand for fuel declines.”

The national average price for that same gallon of gas Sunday was $2.33.

2016 Southern Stone Communications Copyright

 

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