AAA: Pace Of Gas Price Average Drop Slowing Down

By on December 10, 2018 in WNDB News

Daytona Beach, FL – Gasoline prices in the Daytona Beach area and throughout the country have been in a steady decline for around two months, but there’s a big sign that could end very soon.

The pace of gas price average drops across Florida has slowed down considerably since word of production cuts from major oil-producing countries late last week, according to the latest report from AAA.

Spokesperson Mark Jenkins says that probably means you’ll have to start paying a little more for gas soon, but not much more.

“Pump prices are close to catching up with the recent crude price plunge,” Jenkins added. “Regardless, drivers should continue to enjoy low gas prices through the end of the year unless oil prices suddenly spike.”

Sunshine State gas prices declined fractions of a penny on Sunday to $2.28 (regular) after declining one to two cents a day for the past seven weeks, per AAA data. It also shows the average price statewide dropping a total of 54 cents for 61 consecutive days.

In the Daytona Beach metro area, the current average for a gallon of regular is $2.27, five cents less than a week ago and 30 cents lower than last month. It’s also 17 cents lower than at this point last year.

Mid-grade and premium grade numbers tell a similar story, with the former falling six cents over the week to $2.62 and the latter doing likewise, dropping to $2.92. Diesel fell three cents over the week to $3.05 on average.

At the county level, Volusia is averaging out at $2.26 a gallon, while Flagler is four cents higher at $2.30.

Panama City ($2.66), Miami ($2.51) and Crestview-Fort Walton Beach ($2.47) are the highest in the state on average by metro area, with Tampa Bay ($2.13), Orlando ($2.14) and Jacksonville ($2.14) the lowest.

The current national average is $2.42, per AAA, five cents less than last week and almost 30 cents less than last month. It’s also four cents less than at this point last year. The national average has dropped 60 consecutive days for a total discount of 49 cents, according to AAA.

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