AAA: Gas Prices Poised For Declines This Week

By on July 7, 2019 in WNDB News

Daytona Beach, FL – Following a 15 cent jump the week before, AAA is predicting that Florida gas prices are headed down.

All together, with last week and the week before, gas prices have surged a total of 26 cents in the Sunshine State, to a state average of $2.67 per gallon (regular unleaded), a 14 cent jump at the pump.

That’s according to AAA’s latest gas report, which also shows that the price of West Texas Intermediate declined nearly $2 per barrel last week, after rising more than $7 a barrel the week before.

Oil prices are now $15 per barrel less than this time last year which is helping to keep pump prices at a discount.

And there does seem to be some relief in sight, according to Mark Jenkins, the AAA spokesperson.

“Florida drivers should get some relief at the pump this week,” said Jenkins. “After US-Iran tensions led to higher fuel prices a couple weeks ago, growing doubts of a US-China trade agreement is leading them lower. The state average is poised for a five cent decline this week, and even lower if crude suffers additional drops.”

The state average remains 13 cents per gallon less than the highest daily average price of 2019. So far, summertime gas prices have averaged $2.56 per gallon since Memorial Day.

The state average on Independence Day was $2.68 per gallon – 2.5 cents less than last year’s holiday.

Locally, Volusia County drivers are seeing averages hover around $2.68 per gallon, which is 15 cents higher than last week’s average and one cent higher than the state’s current average.

Flagler drivers are seeing averages up just a penny more than Volusia at $2.69 per gallon, a 18 cent jump compared to last week.

The highest average prices in the state can be found again in West Palm Beach-Boca Raton at $2.72 per gallon, which is just three cents higher than Flagler.

Crestview-Fort Walton beach saw the lowest averages in Florida with $2.62 per gallon, just five cents below the state’s average.

The current national average at the start of the week is $2.75, a four cent jump compared to last week’s average.

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