Gas Prices Averaging $4.10/gal. in Florida as Oil Execs Rake In $45 Million More in Compensation

The price for regular this morning at several gas stations along State Road 100 in Palm Coast, including RaceTrac, Wawa and 7-Eleven , was $4.09, according to GasBuddy. Love’s Travel Shop on U.S. 1 at I-95 was selling regular at $3.99.

“The rollercoaster ride at the pump continues,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “After rising two weeks ago, gas prices should remain tied to the price of oil, which was on its way back down last week. Based on wholesale and gasoline futures trends, gas prices could decline 5-10 cents, unless oil prices rebound again.”

According to the EIA, the price of crude oil accounts for 55% of the price of gasoline. Last week, the U.S. price of oil fell 4 percent. Friday’s closing price of $102.07 per barrel was $4.47/b less than the week before, and $21.63 per barrel less than this year’s high – set in early March.

Meanwhile, the Guardian reports, “Chief executives from the largest oil and gas companies received nearly $45m more in combined total compensation in 2021 as compared to 2020 amid the steep rise in gasoline prices across the US over the last year, a new report states. Twenty-eight major oil and gas companies, such as Shell, Exxon, BP and Marathon Petroleum, gave out $394m in total to their chief executives in 2021, according to an exclusive analysis provided to the Guardian.”




Fuel Price Overview

• Sunday’s Florida Avg. – $4.10 per gallon
• Avg. Cost for a Fill-Up – $61.50
• 2022 High – $4.38 per gallon (March 11)
• 2021 High – $3.36 per gallon
• 2022 U.S. Oil Price High – $123.70 (March 8)
• 2021 U.S. Oil Price High – $84.65 per barrel

Regional Prices

• Most expensive metro markets – West Palm Beach-Boca Raton ($4.27), Fort Lauderdale ($4.15), Naples ($4.15)
• Least expensive metro markets – Pensacola ($3.91), Crestview-Fort Walton Beach ($3.93), Panama City ($4.00)

Ways to Save on Gasoline

• Combine errands to limit driving time.
• Shop around for the best gas prices in your community.
• Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
• Remove excess weight in your vehicle.
• Drive conservatively. Aggressive acceleration and speeding reduces fuel economy.
• Enroll in savings programs. AAA Members who enroll in Shell’s Fuel Rewards program can save 5 cents per gallon when they fill up at Shell. Click here for more information.

Find Florida Gas Prices

• Daily gas price averages can be found at Gasprices.aaa.com 
• State and metro averages can be found here

	Sunday	Saturday	Week Ago	Month Ago	One Year Ago	Record High
National	$4.120	$4.120	$4.080	$4.236	$2.886	$4.33   (3/11/2022)
Florida	$4.103	$4.106	$4.005	$4.120	$2.796	$4.38   (3/11/2022)
Georgia	$3.717	$3.719	$3.709	$3.993	$2.701	$4.29   (3/11/2022)
Click here to view current gasoline price averages

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.