JACKSONVILLE, Fla. — As of July 15, Florida gas prices have returned to their previous levels after a week of fluctuations. The average gas gallon price in the state began and ended the week at $3.51. Prices dipped slightly before jumping by seven cents mid-week, only to fall back to the initial cost by Sunday.
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“Crude oil and gasoline futures are holding steady, in hopes that cooling inflation could cause the Federal Reserve to cut interest rates,” said Mark Jenkins, spokesman for AAA - The Auto Club Group. “Market analyzers believe lower interest rates would lead to higher fuel demand.”
The price of crude oil settled at $82.21 per barrel, a 1-percent decrease from the previous week. Since crude oil costs influence about half of the gasoline price, this slight decrease stabilized gas prices.
Regional Gas Prices:
- Most expensive metro markets:
- West Palm Beach-Boca Raton: $3.66
- Homosassa Springs: $3.57
- Gainesville: $3.57
- Least expensive metro markets:
- Crestview-Fort Walton Beach: $3.18
- Panama City: $3.21
- Pensacola: $3.23
Tips for Saving on Gasoline:
- Combine errands: Limit driving time by combining trips.
- Shop around: Look for the best gas prices in your community.
- Pay with cash: Some retailers charge extra per gallon for credit card payments.
- Reduce vehicle weight: Removing 100 pounds can improve fuel economy by 1-2 percent.
- Drive conservatively: Avoid aggressive acceleration and speeding to conserve fuel.
For daily gas price averages and more information, visit GasPrices.AAA.com.
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