Gallon of Fla. Gas Down About 13¢ in Oct.
The price of a gallon of gas will go back up Nov. 1, but a tax holiday approved by the 2022 Fla. Legislature nixes Fla. gas taxes throughout the month of Oct.
TALLAHASSEE, Fla. – Florida drivers began to see sharp drops in pump prices over the weekend, even as many homeowners still rely on generators as they wait for power to be restored.
The reason for the Saturday drop: The state’s Florida Motor Fuel Tax Relief Act of 2022 went into effect on Oct. 1. It suspends the state-tax portion of each gallon of gasoline through the rest of October.
On Sunday, the state average was down to $3.26 per gallon – the lowest daily average price since January.
So far, the state average price for gasoline declined 13 cents per gallon since the gas tax holiday began. Gas was already down a bit compared to early 2022 costs, however. According to AAA, the state average declined a total of $1.50 per gallon since peaking at $4.89 per gallon in mid-June.
“This gas tax builds on the previous downward pressure on pump prices, stemming from global recession concerns and underwhelming fuel demand,” says Mark Jenkins, spokesman for AAA, The Auto Club Group. “Prices are now beginning to dip below $3 a gallon at various gas stations in the state. While everyone might not be so lucky to see sub-$3 gasoline, all Floridians should expect a sizeable discount.”
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