Oil prices remain high, yet prices at the pump are falling fast. Florida's average price for gasoline dropped 10 cents last week to $3.49 per gallon on Saturday, and locally it looks to have come down another few pennies Monday, with stations in the $3.29-3.39 range for regular unleaded.
AAA noted a $3.40 average in Osceola County, down a quarter from last month — but up from this time last year when the average was $3.22.
(Want to check out gas prices across the state? Go to https://gasprices.aaa.com/?state=FL.)
The state average has now declined 20 cents per gallon through the past two weeks, AAA reports. The $3.49 mark is the lowest daily average price since late July.
"Gas prices are moving lower, even as the price of oil remains near 2023 highs," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Now that the summer driving season is over, gasoline demand has declined, but gasoline production is stronger than a year ago. Gasoline futures logged a second-consecutive 18 cent drop, which should signal another round of falling prices at the pump this week."
The price of oil settled at $90.79 per barrel. That was 1% more than the week before.
