Gas prices continue to drop

Falling oil prices coupled with the U.S. and its allies releasing oil reserves into the global market sent gas costs down for another week.

Florida saw the seventh-largest nationwide decrease in cost per gallon of gas this past week with a 9-cent drop to $4.07.

According to Monday’s AAA weekly report, since the U.S. and its allies agreed to significant oil reserve releases, coupled with the fear of resurgent COVID-19 infections in China leading to a potential economic slowdown in one of the world’s largest oil-consuming nations, the national average for a gallon of gas fell to $4.11.

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“The average price for a gallon of gas has fallen below $4 in much of the country,” said Andrew Gross, AAA spokesperson, in the release. “And these lower prices may be a boon to drivers hitting the road more as warmer weather returns.”

In the Gainesville area, the average prices decreased from $4.19 to $4.11 since last week.

According to GasBuddy.com, the following locations have the best prices in Alachua County:

  • $3.87 at Sam’s Club, 4400 SW 33rd Place, Gainesville
  • $3.90 at Murphy Express, 6823 NW 13th St., Gainesville
  • $3.97 at BP, 3845 NE 15th St., Gainesville
  • $3.99 at Love’s Travel Stop, 5615 SE 301, Hawthorne
  • $3.99 at Gate, 3001 NW 13th St., Gainesville
  • $3.99 at Pilot, 17276 US 301, Waldo
  • $3.99 at Shell, 6807 NE 301, Hawthorne
  • $3.99 at Raceway, 15330 NW 301, Waldo

AAA shows Florida is ranked 18th in the nation for the highest average gas cost at $4.07 per gallon. The state record high soared to $4.35 on March 10.

New Energy Information Administration (EIA) data shows total domestic gasoline stocks decreased by 2 million barrels of oil (bbl) to 236.8 million bbl last week. Gasoline demand increased slightly from 8.5 million barrels per day (b/d) to 8.56 million b/d. According to the AAA release, the pump prices will possibly continue downward if oil prices remain below $100 per barrel.

Monday’s national average for a gallon of gas is $4.11, which is seven cents less than a week ago, 22 cents less than a month ago, and $1.25 more than a year ago.

Quick Stats 

The nation’s top 10 largest weekly decreases: Washington, D.C. (−14 cents), Connecticut (−11 cents), Indiana (−10 cents), Ohio (−10 cents), South Carolina (−10 cents), Rhode Island (−10 cents), Georgia (−9 cents), Wisconsin (−9 cents), Florida (−9 cents) and Delaware (−9 cents).

The nation’s top 10 least expensive markets: Missouri ($3.67), Oklahoma ($3.67), Kansas ($3.67), Arkansas ($3.70), Texas ($3.71), Maryland ($3.74), South Carolina ($3.75), Georgia ($3.76), Wisconsin ($3.76) and Nebraska ($3.78).

National Gas Price Comparison 2019-22 4-11-22

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