FLORIDA GAS PRICES DROP

Florida gas prices are moving lower again after rising unexpectedly last week. The state average logged a new 2023 low of $3.16 per gallon last Monday. It then rose 8 cents per gallon by last Wednesday. Fortunately, however, that upward trend immediately reversed course, as the state average declined 2 cents a day, through the past three days. The price of oil continues to have a direct impact on pump prices since oil is a key ingredient in gasoline. In late September, oil was trading at above $90 per barrel. Friday's closing price was $77.17 – a $5 drop from the week before. Average gas prices in our area include the Crestview-Fort Walton Beach area at around $2.94, and Pensacola averages $2.97 a gallon.