Florida Gasoline and Diesel Retail Prices
Diesel Retail Prices
The price of diesel in Florida has experienced a slight decrease in recent weeks. According to the latest data from the U.S. Energy Information Administration (EIA), the average price of diesel in Florida is now $3.493 per gallon, down from $3.594 per gallon last week. This marks a decrease of 10.1 cents per gallon over the past week and a decrease of 1.3 cents per gallon over the past month.
Gasoline Retail Prices
The price of gasoline in Florida has also seen a slight decrease in recent weeks. According to the EIA, the average price of gasoline in Florida is now $3.506 per gallon, down from $3.594 per gallon last week. This marks a decrease of 8.8 cents per gallon over the past week and a decrease of 1.2 cents per gallon over the past month.
Factors Affecting Fuel Prices
There are several factors that affect fuel prices, including the cost of crude oil, refining costs, and taxes. The price of crude oil is a major factor in determining the price of fuel, as it accounts for about half of the cost of producing a gallon of gasoline or diesel. Refining costs and taxes also play a role in determining the price of fuel, although to a lesser extent than the cost of crude oil.
Conclusion
The price of fuel in Florida has been volatile in recent months, but it has generally trended downward in recent weeks. This is good news for consumers, as it means that they will be paying less at the pump. However, it is important to note that fuel prices are subject to change, and it is possible that they could increase again in the future.
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