Florida gas prices continue to dip

Credit: Shutterstock

As the U.S. continues to lower is petroleum stockpile, gas prices continued to fall in Florida.

The auto club AAA put the average gallon of gas in Florida at $3.78 on Monday, 26 cents less than a week earlier and 73 cents lower than on May 21, before U.S. Secretary of State Marco Rubio said “significant progress” had been made on a potential ceasefire and reopening of the Strait of Hormuz.

The national average of $4.16 a gallon on Monday has declined 16 cents over the week and 40 cents since May 21.

To contain the surge in pump prices since the start of the war with Iran on Feb. 28, the U.S. has continued to draw down its strategic reserves stored across Texas and Louisiana.

Patrick De Haan, head of petroleum analysis at GasBuddy, told CBN News the reserves are close to the lowest levels since the early 1980s.

“There’s just no telling what the next crisis could be beyond this, but the U.S. is going to have a significantly curtailed ability to insulate itself from any future supply shocks with a strategic reserve that is approaching the lowest level since it was filled up,” De Haan told CBN News on Thursday.

Diesel in Florida declined 23 cents the past week to $4.90 a gallon. The national average went down 13 cents to $5.32 a gallon in the same time.

For electric vehicles, the cost per kilowatt-hour at Florida charging stations stood unchanged over the week at 41 cents.

Subscribe to Orlando Weekly newsletters.

Tags: