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Economy / Business

Here's some good news for holiday travelers: Gas prices are on the decline

Close-up of gas pump
Carl Lisciandrello
/
WUSF Public Media
For the more than 5 million Floridians hitting the road this holiday season, they’ll get some good news at the pump.

For the more than 5 million Floridians hitting the road this holiday season, they'll get some good news at the pump. Gas prices are trending down. 

For the more than 5 million Floridians hitting the road this holiday season, they’ll get some good news at the pump.

Gas prices are trending down.

Florida gas prices are down 12 cents since Thanksgiving, according to an analysis by AAA – The Auto Club Group.

That’s largely due to gas prices slowly adjusting to a recent drop in crude oil prices. The cost of U.S. oiled dropped by about 13 percent after Black Friday due to uncertainty caused by the Omicron variant.

And the drop is likely to continue through New Years.

“We’ve seen crude oil prices dropped pretty significantly since Thanksgiving, and they dropped again Monday morning,” said AAA’s Mark Jenkins. “That’s a pretty good indicator that gas prices should continue declining through the rest of this year.”

AAA forecasts some 5.4 million Floridians will hit the road this holiday season, a 28% rebound from last year.

“We’re paying about $3.23 [per gallon] right now, which is about $1 more than what holiday travelers paid this time last year,” Jenkins said.

Some of the highest prices for gas are found in West Palm Beach-Boca Raton, Naples and Fort Lauderdale. AAA tracks the lowest prices in Crestview-Fort Walton Beach, Punta Gorda and The Villages.

Motorists across the greater Tampa Bay region are paying an average of $3.22 a gallon.

Copyright 2021 WMFE. To see more, visit WMFE.

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