Gas prices are going down!

posted by Heath West - 

Florida gas prices averaged $2.37 on Sunday, the lowest in more than a month. Pump prices fell 5 cents in the past week, and motorists will see another round of discounts this week. Florida is 8th among states with the largest weekly decline at the pump (#1 was Ohio). Click here to view state and local averages.

After peaking at $2.47 on April 21, the average price has declined for the last 16 consecutive days, for a total discount of 10 cents.

"Gas prices are falling due to continued high production rates from U.S. refineries, moderate demand, and a recent drop in crude oil prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "If this trend holds, gasoline will be near or below year-ago levels by Memorial Day, and rival prices seen last summer."

Gas prices are falling closer to year-ago levels. In February, gas prices were 54 cents higher than the year before, now the difference is down to 16 cents.

  • The most expensive metro markets are West Palm Beach/BocaRaton ($2.46), Miami ($2.41), and Fort Lauderdale ($2.41)
  • The least expensive metro markets are Orlando ($2.33), Tampa/St. Petersburg ($2.34), and Pensacola ($2.34)

Last year, the state average was $2.25 on Memorial Day, and averaged $2.19 from June 1 - August 31, 2016.



National

Sunday: $2.350

Saturday: $2.354

Last week: $2.388

Last month: $2.381

One year ago: $2.215

Florida

Sunday: $2.369

Saturday: $2.375

Last week: $2.419

Last month: $2.415

One year ago: $2.210

Georgia

Sunday: $2.225

Saturday: $2.228

Last week: $2.257

Last month: $2.267

One year ago: $2.193

Tennessee

Sunday: $2.120

Saturday: $2.124

Last week: $2.152

Last month: $2.132

One year ago: $2.072


Source: AAA

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