After a few weeks of rising gasoline prices in the Miami metropolitan area, drivers got some relief this past week as the average price fell 1.9 cents per gallon. On Key Biscayne, however, regular gasoline remained close to $5 per gallon.
The average price for a gallon of regular gasoline in Miami-Dade County was $4.05 as the workweek began. According to a GasBuddy survey of 1,690 stations in Miami, prices are 9.4 cents per gallon higher than a month ago and $1.11 higher than a year ago.
On Key Biscayne, regular gasoline at both stations remained at $4.99 per gallon. While that is on the higher end, it is not the most expensive in the area. According to GasBuddy price reports, the cheapest station in Miami was $3.52 per gallon on Sunday, while the most expensive was $5.99 per gallon.
Nationally, the average price of gasoline fell 9.4 cents per gallon over the last week, averaging $3.97 per gallon on Monday.
“Average gasoline prices declined in 48 states over the last week, while diesel prices fell in 46 states, offering a welcome break at pumps, with the national average price of gasoline dipping below the $4 per gallon mark over the weekend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, that relief may prove fleeting. Oil prices surged in Sunday night trading after Iran re-closed the Strait of Hormuz and President Trump signaled further escalation if Tehran does not come to an agreement. As a result, gasoline prices are likely to rise again in the days ahead, with diesel expected to follow if disruptions persist, and many of the states that exhibit price cycling could see increases in the next 24-48 hours.”
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