Gas Prices Falling Nicely

Average retail gasoline prices in Florida have fallen 4.0 cents per gallon in the past week, averaging $3.71/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 1.9 cents per gallon in the last week to $3.65/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Florida during the past week, prices yesterday were 10.3 cents per gallon lower than the same day one year ago and are 10.7 cents per gallon lower than a month ago. The national average has decreased 4.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

"The national average has seemingly found some relative stability in the last week," said Petroleum Analyst Patrick DeHaan. "And while the national average hasn't seen much movement, some areas of the country have seen volatility continue, mainly in the Great Lakes states where prices may again be poised to rise in the next couple of days as wholesale prices reverberate as refineries continue their maintenance schedules and the progressive switch over to summer gasoline continues," DeHaan said.