Gas prices’ downward trend ‘in jeopardy,’ expert says

Florida paying an average of $2.78 per gallon Monday

(John Raoux, Copyright 2019 The Associated Press. All rights reserved)

FORT LAUDERDALE, Fla. – The good news for Florida drivers: We’re paying the lowest price for gasoline in two months.

The bad news for Florida drivers: Demand is rising — and our prices could be too, experts say.

“Gas prices have mostly declined for six consecutive weeks, as refinery activity recovered from power outages earlier this year,” said Mark Jenkins a spokesman for the American Automobile Association. “That downward trend is now in jeopardy. Crude and gasoline futures prices rebounded last week, after positive U.S. economic data increased market optimism about summer demand.”

Patrick De Haan, who tracks fuel prices for GasBuddy, noted that weekly gasoline demand reached the second-highest level since the start of the COVID-19 pandemic as more people are vaccinated and resume traveling.

Florida’s average price for a gallon of regular unleaded gasoline is $2.78 on Monday morning, according to AAA data.

AAA notes that that price is eight cents cheaper than a month ago and the same as the average price was at this time two years ago.

Floridians are paying less than the national average of $2.90 per gallon.

Here’s a look at the average prices in South Florida on Monday, according to AAA:

  • Miami-Dade County: $2.847
  • Broward County: $2.834
  • Monroe County: $2.935
  • Palm Beach County: $2.931

For more information on Florida gas prices, click here.