Gas Pumps Source: TFP File Photo Florida gas prices experienced a rollercoaster ride last week, ultimately settling at an average of $3.13 per gal
Florida gas prices experienced a rollercoaster ride last week, ultimately settling at an average of $3.13 per gallon on Sunday. This represents a 2-cent increase from the previous week, despite a mid-week dip to $3.02.
The recent price fluctuations are attributed to shifts in the oil market. Oil prices dropped 5% last week, closing at $67.02 per barrel on Friday.
READ: Florida Unemployment Holds Steady Despite Hurricane Impacts And Job Losses
This decline, coupled with concerns about demand and potential slowdowns in U.S. interest rate cuts, also led to a decrease in gasoline futures.
Here’s a quick comparison:
- Current average: $3.13 per gallon
- Week ago: $3.11 per gallon
- Month ago: $3.10 per gallon
- Year ago: $3.08 per gallon
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