Miami

Florida gas prices take big dip over weekend due to tax break holiday

MIAMI – Florida drivers observed sharp drops in gas prices over the weekend.

That was due partially to the state’s Florida Motor Fuel Tax Relief Act of 2022 that went into impact on October 1st. It suspends the state’s 25.3 cent tax per gallon via the remainder of October.

On Monday, the state average was $3.22 per gallon. That’s the bottom every day common worth since January.

“This gas tax builds on the previous downward pressure on pump prices, stemming from global recession concerns and underwhelming fuel demand,” stated AAA spokesman Mark Jenkins. “Prices are now beginning to dip below $3 a gallon at various gas stations in the state. While everyone might not be so lucky to see sub-$3 gasoline, all Floridians should expect a sizeable discount this week.”

The state common worth for gasoline has declined 13 cents per gallon for the reason that gas tax holiday started. Before October, the state common declined a complete of $1.50 per gallon since prices reached their peak of $4.89 per gallon in mid-June.

Regional Prices
Most costly metro markets – West Palm Beach-Boca Raton ($3.47), Miami ($3.32), Gainesville ($3.31)
Least costly metro markets – Panama City ($3.15), Pensacola ($3.07), Crestview-Fort Walton Beach ($3.06)

Florida Gas Price Overview
Monday’s Avg. Price – $3.22 per gallon
Cost for a Full Tank – About $48 (15 gallons)
2022 High – $4.89 per gallon (6/13/22)
2021 High – $3.36 per gallon (Nov. 2021)
All-Time Record High – $4.89 per gallon (6/13/22)

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