Prices at the pump in Florida could improve in 2024
TALLAHASSEE — Gas prices in 2024 shouldn’t financially pinch Florida motorists as much as during the past two years, according to a company that tracks pump prices.
As inflation eases and the COVID-19 pandemic fades further into the background, the Boston-based GasBuddy expects pump prices nationally to drop from an average of about $3.51 for all of 2023 to $3.38 in 2024, reducing annual household spending on gas by about 2 percent.
“The global refining picture continues to improve, providing more capacity and peace of mind that record-setting prices will stay away from the pump in 2024,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a statement with the company’s annual “Fuel Price Outlook.”
“I anticipate that we’ll still have some volatility, unexpected outages and disruptions, and potentially weather-related issues, but I do not expect it to lead to record prices,” De Haan continued.