THANKSGIVING GAS PRICES WERE LOWEST IN 12 YEARS

Florida gas prices could increase this week

TAMPA, Fla.— Floridians who took a holiday road trip last week found the lowest Thanksgiving gas prices in 12 years. Florida gas prices averaged $2.03 per gallon on Thanksgiving Day. That was 40 cents less than the year before and the lowest since 2008, when pump prices averaged $1.91 per gallon.

“Floridians may see gas prices inch up a few pennies this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Last week, vaccine optimism sent crude oil to its highest price since early March, before COVID-related lock downs were imposed across the country. Wholesale gasoline prices also increased as a result. A state average price of $2.08 per gallon is possible, unless fundamentals shift this week.”

The price for WTI crude oil increased 8 percent last week. Friday’s daily settlement of $45.53 per barrel was $3.38 more than the Friday before. An increase of that magnitude can sometimes trigger to an 8 cent increase at the pump.

Florida gas prices have held steady at $2.03 per gallon for the past week. The state average is 3 cents less than a week ago, and 41 cents less than this time last year.

Regional Prices
• Most expensive metro markets – West Palm Beach-Boca Raton ($2.18), Gainesville ($2.12), Sebastian-Vero Beach ($2.12)
• Least expensive metro markets – Punta Gorda ($1.94), Jacksonville ($1.96), Fort Myers-Cape Coral ($1.98)

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