JACKSONVILLE, Fla. — Despite the impact of Hurricane Idalia and an uptick last week in the price of oil, Florida gasoline prices continued to drop after the Labor Day weekend, according to AAA.
>>> STREAM ACTION NEWS JAX LIVE <<<
The AAA auto club said the average price of a gallon of regular unleaded gas in Florida was $3.60 on Monday, 8 cents lower than a week earlier and 16 cents less than a month earlier.
“Pump prices appear to be defying the odds at the moment, despite the surge in the cost of oil,” AAA spokesman Andrew Gross said in a prepared statement. “This uneasy balancing act may last until we get beyond hurricane season and its threats to Gulf Coast oil and gas production and refining.”
Pump prices will continue to face issues such as rising oil prices, higher gas demand and tighter supplies.
Data from the Energy Information Administration said demand for gas nationally was up 2.6% in the past week, while domestic gasoline stocks dropped by 1.2% in the same time.
Also, with Saudi Arabia planning to continue a cut in production through the end of the year, crude oil was selling at $87.51 on Friday, up $1.96 from a week earlier.
Click HERE to find the cheapest gas in your area.
[DOWNLOAD: Free Action News Jax app for alerts as news breaks]
[SIGN UP: Action News Jax Daily Headlines Newsletter]
Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
