Florida – Gas prices are falling again after skyrocketing to a 3-year high during Hurricane Harvey and Hurricane Irma.
Gulf Coast oil refineries were hit hard during Harvey which drove prices up. Days later, gas demand in the southeast before Irma hiked prices even further. Now, AAA says gas supply and demand are returning to regular levels, lowering the price of gas drastically, but slowly.
“If it weren’t for the recent hurricanes, gas prices would be about 25 cents lower,” said AAA spokesman, Mark Jenkins. “Since gas prices decline much slower than they rise, it could take a few weeks before they reach equilibrium. Gas prices in the southeastern U.S. should drop another 5-10 cents this week.”
Gas prices peaked at $2.73 on September 14, but have since decreased 5 cents in the last 10 days. On Sunday, gas in Florida averaged $2.67 per gallon, 4 cents less than a week ago. On this day in 2016, Floridians paid 52 cents less per gallon than Floridians today.
The most expensive gas in the state is located in West Palm Beach-Boca Raton at $2.76, Miami at $2.73 and Fort Lauderdale at $2.71. The least expensive gas can be found in Pensacola at $2.60, Tallahassee at $2.60 and Tampa-St. Petersburg-Clearwater at $2.63.
The average price of gasoline in Daytona Beach is currently $2.68. For gas averages in cities throughout Florida, go here.
Copyright Southern Stone Communications 2017.