Energy

Gas Prices in Florida Hit $5.99, Most Expensive in Nation

Douglas A. McIntyre

Published: January 26, 2016 11:20 am

Last Updated: January 13, 2020 2:35 pm

The average for a gallon of regular nationwide is $1.83. For the most part, though, the most expensive gasoline is sold in California, where prices in parts of the state are well over $3. Oddly, prices are over three times the national average in Lake Buena Vista, Fla., where gas has hit $5.99 at one Shell station, according to GasBuddy. A few miles away, at a Suncoast Energy station in Orlando, the price for a gallon of regular is $5.95.

The two locations in Florida are an anomaly. Most of the stations with among the highest gas prices in the United States are in and around the large cities in California, which has the highest average price among all states. As a matter of fact, of the 30 stations with the most expensive gas, 26 are in California. These cities include San Francisco, Los Angeles, Thousand Oaks, Studio City, San Bruno, Sana Monica and Glendale.

That national average will go lower, probably much lower. Crude oil prices have dropped to $30. A year ago, the price was nearly $65 a barrel. One main reason for the drop in gasoline prices is the sea of available oil, due in part to a flood from Saudi Arabia, and perhaps to falling demand as the global economy slows. Despite the loud protests of other OPEC members, the kingdom said it will keep pumping.

Oil inventory is not the only factor. Proximity to refineries is also an issue. The average gas price in Louisiana is $1.63. In Oklahoma it is $1.54 and in Texas $1.62. All are near the huge refineries south of Houston and on the Gulf of Mexico, which is dotted by deepwater oil drilling platforms.
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Gasoline taxes by state are another factor. The average nationwide is $0.48 per gallon. In Oklahoma it is $0.35. But in Florida the number is $0.58, more evidence that parts of the state are in the midst of a price war.

California has the fifth highest gas tax in the United States at $0.59 a gallon, which is likely the reason that gas prices are so high across the state. Residents face gas prices at the high end of the national average, if only for that reason.