After reaching a three year high in the aftermath of Hurricanes Harvey and Irma, gas prices are starting to drop across the Sunshine State according to a new study from AAA.
On Monday, AAA released the study showing gas prices averaged $2.67 per gallon across Florida on Sunday. That’s higher than the national average, which stood at $2.58 per gallon on Sunday, but a drop from $2.71 per gallon which was the average in Florida at the start of last week. On September 14, gas prices reached a three year high in Florida when the average gallon was sold for $2.73.
Noting that gas prices averaged $2.15 at this time last year, Mark Jenkins, a spokesman for AAA and the Auto Club Group, said the recent hurricanes impacted supply and demand in the Sunshine State.
"If it weren't for the recent hurricanes, gas prices would be about 25 cents lower," Jenkins said on Monday. "Since gas prices decline much slower than they rise, it could take a few weeks before they reach equilibrium. Gas prices in the southeastern U.S. should drop another 5-10 cents this week."
South Florida saw the highest gas prices in the state. The West Palm Beach-Boca Raton market had the most expensive gas in Florida with prices average $2.76 per gallon on Sunday. Miami was up next with an average of $2.73 per gallon followed by Fort Lauderdale where the average stood at $2.71 per gallon on Sunday.
Northwest Florida had the least expensive gas in the state. On Sunday, the Pensacola and Tallahassee markets saw an average of $2.60 per gallon, the lowest in the state. That was followed by the Tampa-St. Petersburg-Clearwater market where motorists paid an average of $2.63 per gallon.