Florida Gas Prices Slip 5 Cents Lower

AAA: GAS PRICES SLIDE FIVE CENTS; IRAN NEWS RESTORES UPWARD PRESSURE

TAMPA, Fla., (April 22, 2019) — Florida gas prices declined five cents during the past week, but another price hike could be on the way.  Crude oil and gasoline futures gained set new 2019-highs overnight, amid reports that the U.S. could end waivers for countries buying oil from Iran. 

After imposing sanctions on exports of Iranian oil last November, the U.S. granted waivers, allowing Iran's eight main oil-buyers to continue making limited purchases. A column in the Washington Post suggests the U.S. will announce on Monday that those countries (the largest of which are China and India) must stop importing Iranian oil or face sanctions. Just before midnight, the price of WTI crude oil had risen almost $2 to nearly $66 per barrel, in response to the report. Gasoline futures were up more than 5 cents from the previous daily closing price.

"This is news that could certainly restore upward pressure on prices at the pump, but to what extent remains to be seen," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Ending Iran sanction waivers could contribute to what is already considered to be a tightening oil market due to OPEC production cuts, sanctions against Venezuela, and political unrest in Libya. How the market digests this news will tell the story of where pump prices go from here. So far, it's looking like a 5 cent hike, but that outlook could be different by Monday night."  

Florida drivers are paying an average price of $2.74 per gallon. This is 5 cents per gallon less than a week ago, 13 cents more than last month, and fractions of a penny less than what drivers paid this time last year.  

The highest daily average price for gasoline in Florida so far this year was $2.80/g on April 12. Since then, the state average has declined for 10 consecutive days. Last year, the highest daily average price for gasoline in Florida was $2.92 per gallon, during the Memorial Day holiday weekend. 

Regional Prices

• Most expensive metro markets – West Palm Beach-Boca Raton ($2.84), Naples ($2.79), Miami ($2.79)
• Least expensive metro markets – Jacksonville ($2.66), Melbourne-Titusville ($2.67), Pensacola ($2.69)

Find Florida Gas Prices

• Daily gas price averages can be found at Gasprices.aaa.com 
• State and metro averages can be found here

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	2019 High (YTD)	2018 High	Record High
National	$2.842	$2.842	$2.827	$2.595	$2.759	$2.842	$2.97 (5/26/2018)	$4.11   (7/17/2008)
Florida	$2.739	$2.744	$2.788	$2.613	$2.740	$2.795	$2.92 (5/25/2018)	$4.08   (7/17/2008)
Georgia	$2.678	$2.680	$2.676	$2.472	$2.658	$2.806	$2.84 (5/27/2018)	$4.16   (9/15/2008)
Click here to view current gasoline price averages

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group 
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.