Monday, October 28, 2019

Where Are Gas Prices Headed?

Florida gas prices have fallen 6.5 cents per gallon in the past week, averaging $2.38/g today, according to GasBuddy's daily survey of 8,237 stations. Gas prices in Florida are 5.6 cents per gallon lower than a month ago, yet stand 32.7 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Florida is priced at $2.16/g today while the most expensive is $2.99/g, a difference of 83.0 cents per gallon. The lowest price in the state today is $2.16/g while the highest is $2.99/g, a difference of 83.0 cents per gallon. The cheapest price in the entire country today stands at $1.75/g while the most expensive is $5.49/g, a difference of $3.74/g.

The national average price of gasoline has fallen 5.1 cents per gallon in the last week, averaging $2.58/g today. The national average is down 6.3 cents per gallon from a month ago, yet stands 22.4 cents per gallon lower than a year ago.

Historical gasoline prices in Florida and the national average going back a decade:
October 28, 2018: $2.70/g (U.S. Average: $2.81/g)
October 28, 2017: $2.39/g (U.S. Average: $2.46/g)
October 28, 2016: $2.23/g (U.S. Average: $2.21/g)
October 28, 2015: $2.10/g (U.S. Average: $2.19/g)
October 28, 2014: $3.01/g (U.S. Average: $3.02/g)
October 28, 2013: $3.26/g (U.S. Average: $3.27/g)
October 28, 2012: $3.50/g (U.S. Average: $3.54/g)
October 28, 2011: $3.43/g (U.S. Average: $3.44/g)
October 28, 2010: $2.78/g (U.S. Average: $2.79/g)
October 28, 2009: $2.71/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices:
Sarasota- $2.34/g, down 7.8 cents per gallon from last week's $2.41/g.
Tampa- $2.30/g, down 10.2 cents per gallon from last week's $2.40/g.
Cape Coral- $2.38/g, down 5.2 cents per gallon from last week's $2.43/g.

Source: GasBuddy.com

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