Drivers can expect pump prices to continue to drop heading into the holiday season as supply strengthens and fall gasoline demand weakens. According to a weekly retail market report from AAA, that means the price at the pump should continue to slide as the holidays approach.
The average price for a gallon of regular gas in the Bradenton-Sarasota-Venice market was $2.35 on Sunday, down 4 cents from last week and 13 cents from a month ago, though they remain 5 cents above past year, AAA reported Monday. Gas prices are still higher than past year after the Harvey-related refinery shutdowns sent them spiking across Texas. It was also just before Labor Day weekend, as Florida residents kept their eyes peeled on Hurricane Irma's forecast path. Regular unleaded is now averaging $2.16 per gallon. In Massacusetts, the price of gas is up 11 percent from previous year at this time, when it cost $2.20.
So far this year, the highest average price in Florida was $2.73 on September 9 and the lowest was $2.13 on July 17.
In 2016, we were looking at prices 17 cents lower than what we are now seeing nationally, AAA reports.
"We can thank USA oil production, which has come a long way in the last five years", DeHaan said.
The average price in Florida increased from $2.35 a gallon on August 30 to $2.41 the following day and continued to rise throughout the week as Florida motorists waited in long lines to fill their tanks. The cheapest was $2.30 in the Tampa-St.
"It's hard to be completely happy with gas prices dropping slightly in recent weeks when we're going to see the most expensive Christmas at the pump in years, but what we're seeing now really pales in comparison to the holidays when we pulled up to the pump that was over $3 per gallon", GasBuddy analyst Patrick DeHaan said of the span between 2010 and 2013. The price is 16 cents higher than a year ago.