Gasoline prices fell in Florida last week and were down 11 cents from a month ago, according to the AAA auto club. Motorists paid an average of $3.30 a gallon Monday for regular unleaded gas, down from $3.39 a week earlier and $3.41 a month earlier.
AAA attributed the decreases to rising global oil supplies and heightened concerns about additional interest-rate hikes to combat inflation.
But motorists could face increased prices this spring as people hit the road for vacations.
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“This has already been a volatile year for prices at the pump, and that’s likely to continue in the coming months,” AAA spokesman Mark Jenkins said in a prepared statement. “Gas prices normally increase in the spring as Americans take road trips, which drives up fuel demand. At the same time, refineries conduct springtime maintenance and begin making summer gasoline, which is more expensive to produce.”
The highest average price in Florida on Monday was $3.55 a gallon in the West Palm Beach area. The lowest average was $3.15 a gallon in the Panama City area. The national average price Monday was $3.41 a gallon, according to AAA.
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