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Florida gas prices slightly decline after reaching new year high [Video]

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Oil and Gas Industry News

As of Monday, the state’s average is around $3.56 per gallon, which comes after a reported six-cent decline through the weekend.

TAMPA, Fla. — Florida gas prices have fallen slightly after the Sunshine State reached a new 2024 when it went up by 13 cents last week, according to AAA.

As of Monday, the state’s average is around $3.56 per gallon, which comes after a reported six-cent decline through the weekend. Florida averaged a new 2024 high on Wednesday with an average of $3.64.

In the Tampa Bay area, the current average is the same as the state average, which is a six-cent increase from a week ago. 

AAA explains that half the price of gasoline is influenced by the price of oil, which contributes to causing fuel prices to fluctuate.

Through the first quarter of the year, the price of oil reportedly averaged around $75 per barrel. Since mid-March, that average has …

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