Gas prices fall nationwide

gas pump
Dawn McDonald/Unsplash

A month after seeing record-high 2024 prices at the pump, the average cost per gallon dropped 10 cents in the Gainesville area and 13 cents in Florida.

In Thursday’s AAA weekly gas report, the average price per gallon in the Gainesville area fell from $3.53 last week to $3.43. Florida tied with four other states for the third-largest drop at 13 cents, plummeting from $3.49 to $3.36. Nationwide, the average cost at the pump dipped from $3.56 to $3.48.

“This drop in pump prices appears to have some sticking power for now,” said Andrew Gross, AAA spokesperson, in a press release. “More states should see their averages dip below $3 a gallon in the coming weeks.”

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The latest data from the Energy Information Administration (EIA) showed gas demand dipped from 9.14 million barrels per day (b/d) to 8.94 last week. The total domestic gasoline stocks increased from 228.8 to 230.9 million barrels of crude oil (bbl).

Thursday’s national average of $3.48 is 17 cents less than last month’s $3.65. Last year, the price was at $3.54.

Florida is the 24th most expensive state in price per gallon at $3.36. Last month, gas was $3.59 per gallon and last year it was $3.34 statewide.  

In the Gainesville area, last month’s price was $3.64 per gallon, and last year it was $3.33.

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

  • $3.16 at Sunoco, 5310 NW 13th St., Gainesville
  • $3.16 at Sam’s Club, 4001 SW 30th Pl, Gainesville
  • $3.18 at Murphy Express, 6323 NW 23rd St., Gainesville
  • $3.19 at Sunoco, 4207 NW 13th St., Gainesville
  • $3.21 at Circle K, 4565 NW 13th St., Gainesville
  • $3.24 at BP, 2230 E. University Ave., Gainesville
  • $3.25 at Circle K, 5708 NW 34th St., Gainesville

Quick Stats

Since last Thursday, these 10 states have seen the largest changes in their averages: Indiana (-17 cents), Alaska (-16 cents), Illinois (-13 cents), Florida (-13 cents), Michigan (-13 cents), Ohio (-13), Kentucky (-13), Nevada (-11), California (-11 cents), and Wisconsin (-10 cents).

The nation’s top 10 least expensive markets are Mississippi ($2.98), Arkansas ($3.00), Oklahoma ($3.00), Texas ($3.02), Kansas ($3.06), Louisiana ($3.06), Tennessee ($3.07), Missouri ($3.11), South Carolina ($3.13), and Alabama ($3.15).

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