As Miami-area drivers prepare for Thanksgiving holiday travel, they can expect to save a few dollars at the pump, with the average price of regular gasoline falling another 7.7 cents per gallon over the past week.
The average price of regular gasoline in Miami is now $3.86 per gallon, according to GasBuddy’s survey of 1,690 stations in the metro area. Prices are 28.1 cents per gallon lower than a month ago, although they remain 99.4 cents per gallon higher than a year ago.
But the savings have yet to reach motorists choosing to fill up on Key Biscayne.
As of the weekend, the Island’s Mobil station was selling regular gasoline for $5.98 per gallon, while Shell was charging $5.99, placing both stations among the most expensive in the Miami area. GasBuddy price reports showed the cheapest station in Miami charging $3.29 per gallon Sunday, $2.70 less than Key Biscayne’s Shell station.
Nationally, the average price of gasoline fell 15.9 cents per gallon over the past week to $3.96 as the new workweek begins.
Patrick De Haan, head of petroleum analysis at GasBuddy, said the belief that gasoline prices fall because an election has ended is a myth, noting that prices typically decline during this time of year.
“Gas prices have fallen in the 30 days leading up to the election every year since 2006 except 2010, and it’s typically seasonal: refiners finish maintenance and ramp up output just as demand fades with cooler weather,” De Haan said.
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Holiday travelers are getting some relief at the pump, although Key Biscayne remains one of the area’s most expensive places to fill up.