The coronavirus pandemic continues to affect many segments of our lives, and that includes gas prices nationally and in the state of Florida.
The national average for a gallon of regular gasoline has decreased by a penny to $2.18, which is two cents more than a week ago, four cents more than a month ago and 57 cents lower than a year ago.
In the new report from the Energy Information Administration, gas demand fell from 8.65 million barrels per day to 8.55 million barrels per day last week. Decreasing demand for gasoline has helped pump prices to decrease in the last week, and if demand continues to drop, pump prices could push even lower in the coming weeks. This is taking place as the end of summer nears, especially for southern states like Florida where schools start back up ahead of Northern States. Demand for gas typically decreases as schools begin to reopen as families end their vacations and get back into the fall school cycle.
Florida’s average gas prices are currently $2.05 per gallon of regular unleaded, while Osceola County’s average price is $1.98 per gallon as of Monday July 27.