Florida Gas Prices Fall Below $3 Lowest Since December 2023

Gas prices in Florida have fallen to their lowest levels since December 2023, with the statewide average dropping to about $2.93 per gallon. This marks a 17-cent decrease over the past week and a 54-cent decline compared to the previous year, driven partly by concerns over the trade war potentially triggering a recession and reducing fuel demand. However, easing tensions have recently caused crude oil prices to rise, which could lead to higher gas prices in the near future. Regional price variations remain significant, with areas like Panama City and Pensacola offering some of the cheapest gas, while places like Key Biscayne and West Palm Beach report much higher prices. AAA recommends drivers take steps to improve fuel economy and save on gas, such as removing excess weight from vehicles and shopping for better prices using mobile apps. Overall, while Florida drivers currently benefit from low gas prices, market fluctuations in oil could affect pump prices going forward.