Florida tied for the fourth-largest drop in average cost per gallon of gas in the nation over the last week as prices dipped 12 cents to $3.27.

According to Thursday’s AAA report, prices at the pump dropped nine cents to $3.56. In the Gainesville area, the cost is $3.31, which is down from last week’s $3.44.

With global tensions sending shockwaves through the oil market, the national average price at the pump has plummeted 32 cents since last month’s 2023 peak of $3.88.  

“While gas prices are falling about a penny a day, that feels like a glacial pace,” said Andrew Gross, AAA spokesperson, in a press release. “The oil market is watching to see if the war between Israel and Hama widens, so the price is stuck at a rather elevated price in the mid-$80s per barrel. This, in turn, is slowing the decline in gas prices.”

Data from the Energy Information Administration (EIA) showed the gas demand increased from 8.58 to 8.94 million barrels per day (b/d) last week. The total domestic gasoline stocks decreased by 2.4 million barrels of crude oil (bbl) to 223.3 million bbl.

Today’s national average of $3.56 is 32 cents less than a month ago and 29 cents less than last year’s $3.85.

Florida has the 16^th least expensive price per gallon nationally. Last month, gas was $3.68 per gallon and last year it was $3.39 statewide.  

In the Gainesville area, last month’s price was $3.71 per gallon and last year it was $3.43.

According to gasbuddy.com, here are the lowest prices to fill up in Alachua County:   

• $3.09 at CITGO, 809 N. Main St., Gainesville
• $3.12 at Sam’s Club, 4001 SW 30^th Pl, Gainesville
• $3.13 at Circle K, 16070 Marin Luther King Blvd., Alachua
• $3.14 at Circle K, 15089 NW US 441, Alachua
• $3.15 at Murphy Express, 6323 NW 23^rd Ct., Gainesville
• $3.15 at Wawa, 2305 NW 13^th St., Gainesville
• $3.15 at Sunoco, 528 NW 8^th Ave., Gainesville
• $3.15 at Circle K, 1515 N. Main St., Gainesville
• $3.16 at Gate, 3001 NW 13^th St., Gainesville
• $3.16 at Wawa, 2372 Old Archer Rd., Gainesville

Quick Stats

Since last Thursday, these 10 states have seen the largest decreases in their averages: California (−18 cents), Arizona (−16 cents), Alaska (−14 cents), Florida (−12 cents), Washington (−12 cents), Nevada (−12 cents), Oregon (−11 cents), Utah (−11 cents), Minnesota (−11 cents) and Texas (−11 cents).

The nation’s top 10 least expensive markets: Georgia ($3.03), Texas ($3.03), Mississippi ($3.04), Alabama ($3.09), Louisiana ($3.10), Delaware ($3.10), South Carolina ($3.10), Tennessee ($3.11), Arkansas ($3.15) and Kentucky ($3.18).