Florida gas prices are slowly responding to a big drop in the oil market that occurred two weeks ago.
The state average declined 9 cents per gallon last week, with retail prices averaging $3.37 per gallon on Sunday. That’s 21 cents less than this year’s high and 75 cents less than what drivers paid this time last year.
After plunging 17% to a new 2023 low – two weeks ago – the U.S. price of oil recouped some of those losses last week, after rising 4%.
In the news: 2 Dead, 2 Injured In Three-Vehicle Pinellas Park Crash
That could limit how much further gas prices fall.
Since it often takes two weeks for retail prices to adjust to movement in the futures market, it’s possible that retail gas prices fall a little further this week, before leveling out or inching higher next week.
Android Users, Click To Download The Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter . Signup for our free newsletter . We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps.
Login To Facebook From Your Browser To Leave A Comment