Tampa, FL – Gas prices have fallen three cents since last weeks’ Gas Price Brief, reaching today’s average price of $2.14 per gallon, which is the lowest mark since April and the lowest price for this date since 2004.
Today’s price is 15 cents less than one month ago, 53 cents less than last year, and $1.38 cheaper than this same date two years ago.
“Motorists are seeing some of the cheapest gas prices for this time of year in over a decade,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “Abundant fuel supplies and declining oil prices are the main contributors to the drop in price at the pump. It’s between $5.00-$7.00 cheaper to fill your tank compared to last year, and those savings are motivating more Americans than ever to take a road trip this summer.”
Regional Gas Prices
Florida gas prices have declined for 54 consecutive days, falling 27 cents during that time. Gas prices have been falling at a rate of 3-5 cents a week and if prices continue on their downward trend we should see the state average dip below $2.00 in the next two weeks. The average price of a gallon of regular gasoline is $2.08 which is 4 cents cheaper than a week ago, 17 cents lower than a month ago, and 45 cents less than this time last year. The lowest regional averages in the state are Orlando ($1.965), Tampa-St. Pete ($1.981), and Jacksonville ($1.987).
Georgia gas prices have declined for 52 of the past 55 days, falling 28 cents over that period. Gas prices fell below the $2.00 mark on July 27th for the first time since March. The average price of a gallon of regular gasoline is $1.99 which is 1 cent cheaper than a week ago, 16 cents lower than a month ago, and 52 cents less than this time last year. The lowest regional averages in the state are Albany ($1.861), Macon ($1.891), and Valdosta ($1.924).
Tennessee gas prices have declined for 53 consecutive days, dropping 30 cents during that time. Gas prices have been below $2.00 since July 15th and only 1 in 10 gas stations in the state are selling gas above that price. The average price of a gallon of regular gasoline is $1.89 which is 4 cents cheaper than a week ago, 19 cents lower than a month ago, and 49 cents less than this time last year. The lowest regional averages in the state are Chattanooga ($1.751), Johnson City-Kingsport-Bristol($1.803), and Clarksville-Hopkinsville ($1.814).
Percent of gas stations with prices under $2 a gallon
- Florida – 41%
- Georgia – 68%
- Tennessee – 88%
In addition, regional prices could increase due to refinery problems, production cuts, stronger than anticipated demand or hurricanes that impact distribution and production. At the close of Friday’s formal trading session on the NYMEX, WTI was down $1.53 on the week to settle at $41.60 per barrel.
Current and Past Price Averages
Regular Unleaded Gasoline
 |
Sunday | Saturday | Week Ago | Month Ago | One Year Ago | Two Years Ago |
| National | $2.135 | $2.137 | $2.165 | $2.288 | $2.665 | $3.517 |
| Florida | $2.077 | $2.082 | $2.116 | $2.249 | $2.529 | $3.424 |
| Georgia | $1.993 | $1.994 | $2.009 | $2.153 | $2.514 | $3.415 |
| Tennessee | $1.893 | $1.898 | $1.930 | $2.081 | $2.381 | $3.287 |
| Click here to view current gasoline price averages | ||||||
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 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.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, travel, insurance and financial services offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.
ACG belongs to the national AAA federation with more than 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.
