The price of gas in Florida might go down this week. Here’s why
with attacks on tankers and a U.S. drone in the Strait of Hormuz, posing obstacles to acquiring crude oil from the Middle East at cheap rates, CNBC reported. The strait is the world’s busiest transport lane for maritime oil shipments.
The predicted $2.62 per gallon could decrease even more if the price of crude oil continues to decline, AAA said. In the last week, oil prices have decreased by $2 per barrel after rising $7 per barrel the week before. This time last year, oil was $15 per barrel more expensive.
In Florida, the cheapest gas prices are in CrestviewFort Walton Beach, Punta Gorda, and Miami, with each dipping below the state average, AAA reports. West Palm Beach-Boca Raton, Sebring, and Homosassa Springs all stand above the $2.67 average by between four and five cents.
Miami-Dade is among the counties with the cheapest gas, according to GasBuddy.com. The lowest prices are at Sunshine Fuels in Little Havana at $2.37 per gallon. The most expensive pumps are $1.22 per gallon higher. While GasBuddy also expects an eventual decrease in Florida gas prices, they think it might take a bit longer than a week, spokesperson Allison Mac said.
The range of gas prices within the city and state come from a variety of factors, Jenkins said, including proximity to ports. Counties and cities closer to ports have lower transportation costs for gas. Stations in areas where its cheaper to run a business — such as those with lower property taxes — also tend to have lower prices.
In the meantime, Miami drivers can expect to see some pumps with prices lower than $2.50 a gallon.