Florida gas prices are poised to set a new 2023 low.
The state average dropped 10 cents per gallon, last week. Sunday's gas price average was $3.23 per gallon. That's the lowest daily average price since early March, and only a penny more than this year's lowest daily average price of $3.22 per gallon (recorded on March 6), according to AAA.
And, for the first time in a long time, prices are lower than they were a year ago ($3.36)
And, even better news in Osceola County, our local average ($3.13) is a dime lower than the state average; wholesale clubs are starting to flash a sub-$3 price for regular unleaded, and corner gas stations are getting close.
The state average declined a total of 46 cents per gallon over the last 34 days.
"Gas prices are still following the downward momentum created by the seasonal downturn in fuel demand, coupled with stronger gasoline supplies and the switch to cheaper winter blend gasoline," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "However, the continued streak of declines is threatened by a second week of rising oil and gasoline futures prices."
The U.S. price of oil logged a small 1% gain last week, amid ongoing concerns about the conflict between Israel and Hamas. In total, U.S. oil has risen 7% ($6 per barrel) over the past two weeks. Gasoline futures also rose 11 cents per gallon last week, for a total increase of nearly 20 cents in two weeks. So, the good news may see an end soon.
