May 15, 2025

Florida Gas Prices Drop Below $3 Per Gallon

News Summary

Florida drivers are experiencing a noteworthy decrease in gas prices, with the average cost falling below $3 per gallon for the first time in 17 months. As of May 12, the average price is $2.92, a significant drop of 16 cents from last week and 54 cents cheaper than last year. While this offers relief to consumers, economic concerns regarding a potential trade war could influence future prices. Regional variations show differing prices across the state, with North Florida currently having the lowest rates.

Florida Gas Prices Drop Below $3 Per Gallon for First Time in 17 Months

Florida drivers are benefiting from a significant drop in gas prices, with the average cost of a gallon of regular unleaded falling below $3 for the first time in over a year and a half. As of Monday, May 12, 2025, the average price stands at $2.92 per gallon, marking a decrease of 16 cents from the previous week and a reduction of 22 cents compared to a month before.

Current Pricing Trends

The current average price in Florida is not only lower than the previous week but is also 54 cents cheaper than the same time last year. In comparison, the national average price for gasoline has decreased slightly to $3.14 per gallon, down 3 cents from the week prior. This drop in prices can be directly linked to apprehensions regarding a potential trade war which could stifle economic growth and lessen the demand for fuel.

Regional Variations

Gas prices across Florida exhibit considerable variation depending on the region:

Crestview-Fort Walton Beach and Panama City: $2.78 per gallon
Gainesville and West Palm Beach-Boca Raton: $3.04 per gallon
Miami area: $2.87 per gallon, down nearly 15 cents from the previous week
Lee County: $2.84 per gallon
Charlotte County: $2.88 per gallon
Collier County: just above $3 per gallon

Market Influences

The drop in gas prices comes amidst fluctuations in the oil market, where U.S. crude oil prices have recently increased from $57.13 to $61 per barrel, representing a 5% rise. Consequently, gasoline futures have also increased by 9 cents in the same timeframe. This trend indicates that prices may not remain low for long as any upward movement in oil prices could lead to higher gas prices in the near future.

Outlook for Drivers

As Florida motorists enjoy the lowest gas prices in the state in 17 months, the scenario could quickly change if tensions in trade relations re-escalate. Concerns surrounding the potential impact on fuel demand due to economic downturns may continue to influence gas prices. While current averages provide some relief to consumers, experts anticipate that if oil prices continue to rise, gasoline prices may follow suit.

Conclusion

In summary, while Florida drivers are currently benefiting from lower gas prices, the situation is fluid and heavily dependent on the broader economic landscape and shifts in oil prices. As of now, North Florida offers the cheapest gas prices in the state, while areas like Naples and Palm Beach County remain some of the most expensive. Motorists are advised to stay vigilant about price changes that may occur in the coming weeks.

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Additional Resources

Author: STAFF HERE TALLAHASSEE WRITER

The TALLAHASSEE STAFF WRITER represents the experienced team at HERETallahassee.com, your go-to source for actionable local news and information in Tallahassee, Leon County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Springtime Tallahassee, Tallahassee Jazz & Blues Festival, and LeMoyne Chain of Parks Art Festival. Our coverage extends to key organizations like the Greater Tallahassee Chamber of Commerce and United Way of the Big Bend, plus leading businesses in education, healthcare, and insurance that power the local economy such as Florida State University, Tallahassee Memorial HealthCare, and Capital Health Plan. As part of the broader HERE network, including HEREJacksonville.com, HEREOrlando.com, HEREStPetersburg.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.

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