Gasoline Pumps. Source: TFP Florida gas prices fluctuated last week, initially spiking 11 cents to $3.55 per gallon before dropping 7 cents over t
Florida gas prices fluctuated last week, initially spiking 11 cents to $3.55 per gallon before dropping 7 cents over the following four days. As of Sunday, the state average settled at $3.40 per gallon, slightly higher than the previous week.
Mark Jenkins, spokesperson for AAA, suggests that gas prices may continue to decrease due to a recent drop in oil prices. This decrease is attributed to reports of declining crude oil imports in China, raising concerns about global fuel demand.
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“Gas prices could move even lower, after a big drop in oil prices last week,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Recent fuel reports show China’s crude oil imports are declining. This driven prices lower, on concerns that global fuel demand is softening.”
Oil prices have steadily declined by 8% over the past three weeks, with the most significant drop occurring last week. Friday’s closing price of $77.16 per barrel marks the lowest since early June, a time when Florida’s average gas price hovered around $3.30 per gallon.
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