AAA: Gas Prices Falling, Largest Drop Last Week In Florida Was in Brevard County Area
By Space Coast Daily // October 23, 2017
Still 18 Cents Higher Than Pre-Harvey
BREVARD COUNTY, FLORIDA — Gas prices in Florida are averaging $2.42. Despite the recent downward trend, the state average remains 18 cents higher than pre-Hurricane Harvey levels.
The largest discounts during the last week were in Melbourne-Titusville (-7 cents), Lakeland-Winter Haven (-6 cents), Jacksonville (-6 cents), Tampa-St. Petersburg-Clearwater (-6 cents), and Orlando (-5 cents).
Gas prices keep falling in the southeast. Florida gas prices dropped another 5 cents during the past week. The state average has declined 38 consecutive days for a total of 30 cents.
The most expensive gas price averages in Florida are in Miami ($2.59), West Palm Beach-Boca Raton ($2.58), and Fort Lauderdale ($2.53)
The least expensive gas price averages in Florida are in Tampa-St. Petersburg-Clearwater ($2.28), Orlando ($2.32), and Fort Myers-Cape Coral ($2.36)
Gasoline stocks continue to rise across the nation, as weekly demand declined by 3.6 percent during the week ending October 13, according to the latest report from the Energy Information Administration. Meanwhile, oil prices gained almost a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a 1 million barrel drop in production.
“Motorists should expect another round of discounts at the pump this week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
“Gasoline futures and wholesale prices gained some strength last week, but not enough to stop the pump price plunge. Retail prices remain about 5-10 cents higher than where they should be, based on current fundamentals.”
Gas Price Survey Methodology: AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
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