Florida Gas Prices Relatively Steady

posted by Alan McBride - 

Gas prices are mostly climbing around the country, yet Florida gas prices are holding relatively steady.

Those are the findings of AAA Auto Club Group, which reports the state average of $2.29 is fractions of a cent less than last week.

AAA says Florida gas prices for the month of July averaged $2.18 per gallon; 2 cents more than July 2016. 

Gas prices in the United States averaged $2.27 last month; 6 cents more than July 2016. 

AAA reports that the most expensive gas price averages in Florida are in West Palm Beach-Boca Raton, Miami, and Pensacola.

The least expensive gas price averages in Florida, according to the auto club group, are in Fort Myers-Cape Coral, Tampa-St. Petersburg-Clearwater, and Orlando.

Analysts say that, although gasoline demand is keeping pace with last year's levels, oil prices are making the biggest difference in prices at the pump. 

Steady declines in crude supplies have pushed oil prices about $10 per barrel higher than last year, making it more expensive to produce gasoline.

Last week's EIA report showed record-high gasoline demand. In addition, crude supplies declined for the fifth consecutive week.

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