If you get carsick, it's possible that bumps and potholes aren't making you feel queazy -- it's the seesawing price of gas taking you in one direction or (and?) another.
Florida gas prices seesawed again last week according to AAA. The state average went from $3.04 per gallon on Monday, back up to $3.18 by Thursday. On Sunday, Florida's gas price had fallen back down to $3.10.
While Osceola County usually sits a penny or two under the state average, it sits at $3.17 Monday morning, up 12 cents from a week ago, but down 7 cents from a month ago.
These price swings have become all too familiar. Since September 2024, Florida's average price has bounced between $2.96 and $3.30, an average of $3.11, said Mark Jenkins, spokesman for AAA - The Auto Club Group.
"Florida gas prices are poised to move lower this week," Jenkins said. "Oil prices dropped last week on concerns that OPEC and its allies could add more oil to the market, at a time when the global economy braces for a potential slowdown - which typically results in lower fuel demand."
OPEC+ reportedly plans to bring 2.2 million oil barrels per day back to the market by November. The effort is allegedly designed to sink oil prices in effort to regain market share, while also punishing Iraq and Kazakhstan for not complying with production quotas.
Friday, the U.S. price for oil was $58.29 per barrel. That's down $4.73 (-8%) from the previous week. Wednesday's closing price of $58.21 is the lowest since April 2021. During that time, Florida's average gas price was around $2.85 per gallon.
