Sebastian gas prices fall below $5 per gallon

As oil and gasoline stocks suffered big drops last week, Sebastian gas prices for regular fell lower than $5 per gallon. 

“Florida drivers are finally catching a break after several weeks of rising gas prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. 

“Gas prices are following oil and gasoline futures prices, which suffered significant losses last week. The losses are being tied to last week’s rate hike from the Federal Reserve bank, sparking fears of a possible recession – which could lower fuel demand. Prices also faced resistance on reports that the Biden administration is considering possible limits on petroleum exports in attempt to strengthen domestic supply,” Jenkins added. 

Jenkins says if the downward trend holds, the drop in gas prices could accelerate, moving Florida’s average back around $4.50 per gallon.

Here’s a list of the cheapest gas prices as of Monday morning in Sebastian, Florida:

• $4.81 – Murphy USA (Walmart, 1999 US-1)
• $4.84 – BP (Cash only, 10950 CR-512
• $4.84 – Mobil (9490 90th ave)
• $4.85 – Speedway (700 US-1)
• $4.86 – Cumberland Farms (957 CR-512)

In Micco, just north of Sebastian near Barefoot Bay, the Cumberland Farms has gas at $4.85 per gallon. 

As of Sunday, the average gas price in Florida was $4.82. The state average declined 7 cents last week. The national average is currently $4.98. 

Ways to Save Gas

A few ways to save money on gas is to combine errands to limit driving time. Also, shop around for the best gas prices in Sebastian. Saving a few cents per gallon adds up.

Pay with cash as some retailers charge extra per gallon for customers who pay with a credit card. 

It’s always a good idea to remove excess weight in your vehicle. Every 100 pounds taken out of the vehicle improves fuel economy by 1-2 percent.

Also, drive conservatively as aggressive acceleration and speed burns for gas.