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Monday, November 25, 2024

Fuel Analysis: Average Florida driver will spend $16.34 more on gas this October

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The average Florida driver will pay $16.34 more at the pump in October 2022 than they did in October 2021, according to an analysis of gas prices from the AAA motor club and Federal Highway Administration (FHA) data by Sunshine Sentinel.

Florida drivers will pay an average of $3.38 per gallon of regular gasoline this month versus $3.05 last year. This is a 10.7 percent increase equaling $0.33 per gallon.

Of the 24 Florida metropolitan areas analyzed, drivers in Tallahassee faced the largest price hike at the pump in the last year of $19.90. Pensacola was spared the worst pain, with the price of gas rising $5.66 from October 2021 to October 2022.

Gas prices across the US hit a seven-year high following a significant drop at the beginning of the COVID-19 pandemic.

The price of gas, derived from the cost of oil manufactured around the world, has the power to substantially change the free market and influence many industries.

A short-term outlook report from the US Energy Information Administration predicted gas rates will fall throughout 2022.

Florida drivers average 1,213.1 miles and use 50.1 gallons of gasoline per month, according to the FHA.

Florida gas price difference - October 2021 vs. October 2022

Market20222021CHG%Total increase
Tallahassee$3.44$3.04$0.4013.0%$19.90
Miami$3.45$3.07$0.3812.4%$19.10
Ocala$3.39$3.02$0.3712.1%$18.35
Tampa-St. Petersburg-Clearwater$3.36$3.01$0.3511.5%$17.39
Gainesville$3.43$3.09$0.3511.2%$17.29
Jacksonville$3.35$3.01$0.3411.4%$17.24
West Palm Beach-Boca Raton$3.57$3.23$0.3410.6%$17.14
Orlando$3.35$3.02$0.3411.1%$16.84
Sebring$3.35$3.02$0.3311.0%$16.64
Punta Gorda$3.29$2.97$0.3210.9%$16.24
Bradenton-Sarasota-Venice$3.35$3.03$0.3210.5%$15.99
Port St. Lucie$3.40$3.08$0.3210.3%$15.94
The Villages$3.32$3.01$0.3210.6%$15.94
Lakeland-Winter Haven$3.35$3.04$0.3110.2%$15.49
Naples$3.41$3.10$0.319.9%$15.44
Daytona Beach$3.35$3.05$0.3110.1%$15.39
Fort Lauderdale$3.40$3.10$0.319.8%$15.29
Homosassa Springs$3.35$3.04$0.3010.0%$15.24
Sebastian-Vero Beach$3.38$3.08$0.309.8%$15.14
Melbourne-Titusville$3.33$3.03$0.309.8%$14.84
Fort Myers-Cape Coral$3.31$3.04$0.279.0%$13.73
Panama City$3.25$3.09$0.155.0%$7.72
Crestview-Fort Walton Beach$3.18$3.05$0.134.2%$6.37
Pensacola$3.15$3.04$0.113.7%$5.66

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