Florida gasoline prices have fallen for the past ten days in a row, with the state average falling 11 cents per gallon.
According to AAA, the state average was $3.45 per gallon on Sunday. That is 5 cents less than a week ago but 6 cents higher than this time last year.
“The summer travel season is beginning with gasoline prices that are 20 cents less than the highest price this year,” said Mark Jenkins, Public Relations Manager for AAA – The Auto Club Group. “While gasoline prices are usually volatile through the summer months, recent futures prices suggest the state average could move lower this week.”
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The price of crude oil in the United States fell 1% last week, resulting in a total loss of 4% over the previous two weeks, and gasoline futures fell 16 cents over that time.
On Sunday, OPEC and its allies agreed to extend oil production cuts into 2025 in an effort to prop up oil prices. Oil analysts expected the decision, and the price of oil was unchanged as of early Sunday night.
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