Monday, November 07, 2011

How Low Will Florida Gas Prices Fall This Year?

Gas Still Half Dollar Higher Than Year Ago But Falling?

LABELLE, FL. -- Average retail gasoline prices in Florida have fallen 3.3 cents per gallon in the past week, averaging $3.37/g yesterday. This compares with the national average that has fallen 2.9 cents per gallon in the last week to $3.43/g, according to gasoline price website

In Hendry and Glades county, Florida, prices are still about 10 cents higher than Florida average.

Including the change in gas prices in Florida during the past week, prices yesterday were 57.5 cents per gallon higher than the same day one year ago and are 2.5 cents per gallon higher than a month ago. The national average has not moved during the last month and stands 57.3 cents per gallon higher than this day one year ago.

"The national average is just one penny away from being the lowest we've seen since the start of March, even as crude oil prices have risen," said Patrick DeHaan, Senior Petroleum Analyst. "Just in the last week, wholesale prices have moved 13 cents per gallon between the high and low, so it does remain surprising that average prices have moved very little," DeHaan added.

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