AAA announced in a press release on Monday that Florida gas prices have decreased in the past three weeks, dropping five cents.
According to the press release, the state average on Sunday was $3.25 per gallon, making the price sit at the lowest level since mid-February. This is five cents less than a week ago, and 20 cents less than the national average which was $3.45 as of Sunday, according to the press release.
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“Summertime road trips have become less expensive thanks to the falling crude oil and gasoline futures prices,” said Mark Jenkins, a spokesman for AAA.
Jenkins further elaborated on the crude oil prices, which have rose nearly 4 percent last week.
“However, oil prices did regain some strength last week, which could cause the plunge at the pump to stall,” he said.
Oil analysts attribute the rising prices to voluntary production cuts, which were agreed to by the Organization of the Petroleum Exporting Countries along with its allies, which would lead to tightness in the oil market during the summer, according to the press release.
A weekly report released by the Energy Information Administration revealed that gas prices received some upward pressure on strong implied demand numbers.
The most expensive metro markets are currently West Palm Beach-Boca Raton ($3.45), Naples ($3.34) and Miami ($3.33). The least expensive metro markets are currently Crestview-Fort Walton Beach ($3.05), Pensacola ($3.07) and Panama City ($3.07).