Economy

Gas Prices Inch Down After Period of Increases

Daytona Beach's Buc-ee's gas station. ⓒ AskFlagler

The latest figures on gas prices across the state of Florida show that the average cost of a gallon of gas is finally starting to inch downward, following a period of consistent increases. The data, released by AAA spokesperson Mark Jenkins, shows a 16-cent decrease over a one-week span in the average cost of gas, followed by a nine-cent jump back up, leaving Florida motorists with a seven-cent decrease in the aggregate.

The average cost of a gallon of gas in Florida was listed at $3.57 as of Sunday, according to Jenkins. That price is three cents below the mark this time last month, and a dime cheaper than this time last year. The peaks in recent gas prices, reached in 2022, are still well over a dollar more expensive than where prices are now.

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Locally, prices are just about in-line with the statewide average. Flagler County’s average gas price is $3.57, exactly average, while Volusia County sports a $3.56 average cost. The national average is $3.65, a hair more costly than Florida’s numbers.

In the area, the Buc-ee’s off I-95 at LPGA Blvd in Daytona Beach has the cheapest publicly available gas, at $3.39 a gallon as of Monday. Those with memberships to Sam’s Club across the street can do even better, with $3.19 a gallon at their pumps.

For Flagler County residents, the cheapest gas in town is technically over the border into Ormond Beach, but still well on the Flagler side of the area: the 7-Eleven on Roscommon Drive off Old Dixie Highway is selling gas for $3.46 as of Monday.

3 Comments

  1. TR

    April 30, 2024 at 10:12 pm

    It’s crazy how the price of gas goes up and down almost on a daily bases. During the month of April it went from 3.49 to 3.59 in the beginning, then the next week to 3.59 to 3.69 and the next week back down to 3.49. Today it’s back up to 3.59. I’m no longer buying the reason because it’s based on oil prices. The gas stations do not get a delivery every three or four days so the pricing shouldn’t fluctuate that much. Every time it goes up it’s like 10cents more a gallon but never comes down that fast. The excuses are all BS IMO and it’s all greed.

  2. TR

    May 1, 2024 at 7:42 pm

    Well this article was a little premature. gas in Palm coast is 3.69 as of today and I’ll predict by the end of May it will be 3.89 – 4.00 a gallon. then the excuse will be the summer travel of demand because the kids will be out of school and parents are going on vacations.

  3. BK

    May 4, 2024 at 10:18 am

    It’s not “all greed;” it’s supply and demand. Remember when a certain new president cancelled the Keystone pipeline on day one of his administration, destroying what would have been 800,000 barrels of oil supply a day from a country that is our friend, not enemy into our market? Then, the same president, citing high prices (in the midst of an election campaign) decided to drain our strategic petroleum reserves, in an apparent acknowledgement to a lack of supply due to his own actions, to lower the price of gas for “hard-working” Americans. We were told it would be re-filled when prices were lower. Well, they haven’t come down and they won’t come down when you order millions of barrels to re-fill the reserves; that hints at a future supply crunch which raises prices. Now, we have high prices and our strategic reserves are at their lowest level in decades. All we have to show for all of this are the current high prices and billions of dollars lost on forcing manufacturers to build EV’s that nobody wants. It’s incompetence that’s causing high gas prices, not “all greed.”

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