Florida gas prices have slowly declined the past 10 consecutive days, with the state average now at $3.07 per gallon—down 3 cents from last week's 2021 high of $3.10 per gallon.
According to AAA, the lower fuel supplies are a result of both the pandemic and Hurricane Ida's effects on the Gulf Coast. The price for a barrel of U.S. crude oil finished at $73.98 Friday on the NYMEX. That's $2 more than the week before, yet still less than this year's high of $75.25/b. A positive indicator for drivers is that wholesale gasoline prices finished nearly the same as a week ago.