Monday, June 11, 2012

Florida Gas Prices Sliding

Average retail gasoline prices in Florida have fallen in the past week, averaging $3.35/g yesterday. This compares with the national average that has fallen in the last week to $3.56/g, according to gasoline price website

Including the change in gas prices in Florida during the past week, prices yesterday were lower than the same day one year ago and are 27.3 cents per gallon lower than a month ago. The national average has decreased during the last month and stands lower than this day one year ago.

"While price decreases have heated up on the West Coast, such decreases are drying up in other areas- such as the Great Lakes," said Senior Petroleum Analyst Patrick DeHaan. "While current factors still point to some falling gasoline prices in some areas, mainly the West Coast, oil prices haven't continued to shed as much value in the past week. Prices in the past few years have bottomed out in June, we could see a similar situation play out this year," DeHaan said.

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