According to publicly available data, gas prices in Tallahassee have increased approximately 45.6% over the last 12 months. The current price of a gallon of regular gas, as of June 19, was $2.97. This is up from $2.04 per gallon reported one year ago.
The chart below shows the 12-months trend of average gas prices for the United States, Florida, and Tallahassee. The change in gas prices across the three different area is fairly consistent.
In Tallahassee, the cost of a gallon gas has been relatively flat since March 11, 2021. However, over a four month period – November 5, 2020 and March 11, 2021 – the price of a gallon of gas increased 48.4% from $1.92 from to $2.85.
This week OPEC forecast that demand for its oil, which fell during the pandemic, would continue to increase in 2021. In its Monthly Oil Report, the 13-member Organization of the Petroleum Exporting Countries predicted favorable market conditions which could potentially lead to higher prices for consumers.