Florida gasoline hits four-month low, points to more relief

The average price of regular gasoline in Florida dropped to about $3.80 per gallon on Sunday, Nov. 8, the lowest level in four months, according to AAA data. The figure represents a drop of seven cents in a week and 38 cents from the previous month, when the average was $4.18. The drop offers some relief to those who need the car for their daily tasks, although the final amount depends on the season and the amount of fuel purchased.

Since the peak of $4.42 reached in late September, a gallon has become cheaper by 62 cents. The current average is also about 72 cents below the highest level of 2026, recorded on May 7, when it reached about $4.52. On a 15-gallon load, those differences are roughly $9.30 less than in September and $10.80 less than in May. Calculations are indicative and may vary by pump.

The decline in prices coincides with a decline in oil and gasoline futures, against a backdrop of prospects for higher global supply, weaker demand and less concern about supply disruptions. U.S. crude closed at $90.83 a barrel on Friday, up from $101.79 on Oct. 20. Gasoline contracts ended at $2.78 a gallon, down about 33 cents from Oct. 19. AAA sees the pullback likely to continue if those conditions hold, but there is no guaranteed magnitude.

Costs vary considerably among metropolitan areas. West Palm Beach-Boca Raton had the highest average, at $3.97 per gallon; then came Gainesville, at $3.92, and Fort Lauderdale, at $3.86. Panama City had the lowest price, at $3.50, followed by Pensacola, at $3.52, and Crestview-Fort Walton Beach, at $3.55. The difference between the two extremes, 47 cents per gallon, is about $7.05 on a 15-gallon purchase.

Florida was about 22 cents below the national average of $4.02 per gallon. However, the annual comparison shows that fuel is still more expensive: A year ago the state average was $2.869, compared to $3.803 currently, a difference of about 93 cents. The figures published for the state vary slightly depending on the day and rounding: another report put the average for Monday, November 9, at $3.79. In Miami, that report indicated $3.83 for regular gasoline.

To spend less, AAA recommends comparing prices at different stations and running multiple errands on the same trip. It also advises keeping tires at proper pressure and avoiding harsh acceleration and excessive speeds, practices that reduce efficiency. Rewards programs and cash discounts can be helpful when available. It's a good idea to calculate your net savings before you take a detour to refuel, as fuel consumed on the journey could negate part of the discount.