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Gas prices continue to drop across Florida but AAA warns that rising oil prices could mean they will be going up in the new year.
Mark Jenkins, a spokesman for AAA and the Auto Club Group, offered some insights on why gas prices in Florida and across the nation are dropping.
Mark Jenkins, a spokesman for AAA and the Auto Club Group, said he expected prices to drop into December.
Even as Florida enters the busiest travel period of the year, gas prices continue to drop in Florida, a study from AAA shows.
“Motorists have enjoyed falling gas prices during the past month, and it appears prices are about to move even lower,” AAA reported. “The price of oil plummeted by more than $4 per barrel today. Tuesday's daily settlement of $55.69 per barrel is the lowest since November 2017.”
According to the report from AAA, gas prices in Florida have moved down for five weeks in a row, lowering a quarter during that period.
On Monday, AAA released a report finding the average gallon of unleaded in Florida cost $2.64 on Sunday, well below the national average of $2.77 a gallon and 6 cents lower than the start of last week. Gas prices have dropped for 26 days in a row in Florida, lowering 18 cents over that period.