Florida gas prices may be nearing their low point as most of Florida begins the first reopening phase on Monday. The lifting of stay-at-home restrictions has boosted optimism within the fuel market that gasoline demand will begin to rise.
“The phased reopening of businesses and restaurants will signal a return to the road for many Florida drivers,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gas prices have plummeted 65 cents in the past 10 weeks. While the increased demand may not cause a pump price surge, it may signal the eventual end of the plunge at the pump.”
The average price per gallon Sunday night in Escambia County was $1.63, down three cents over the last week. Two Cantonment stations were considerably lower at $1.41 Sunday night
Florida gas prices statewide are now averaging $1.77 per gallon – the lowest in four years. The state average is two cents less than a week ago, 15 cents less than a month ago, and $1.02 per gallon less than this time last year.