TAMPA, Fla. — The sticker worth for gas continues to decrease day by day in Florida. According to AAA, over the previous three weeks, gas prices have decreased by 20 cents.
The state’s common gas worth has dropped three weeks in a row since August 27. Since mid-June, prices have decreased by a complete of $1.47 a gallon. As of proper now, the common gallon worth for gasoline is $3.409, which is the bottom day by day common worth since February of this yr.
“Crude oil and gasoline futures finished the week slightly lower than the week before, on ongoing concerns that a global recession and potential U.S. interest rate hike could stifle global fuel demand,” stated Mark Jenkins, spokesman, AAA – The Auto Club Group. “This should enable gas prices to slip even lower this week.”
Crude oil is traded available on the market at numerous charges primarily based on provide and demand.
At the second, demand is low, thus its worth has been declining, related to how the price of gas has.
Recommended
Americans drive much less through the winter season and because the U.S. gas provide switches over to winter mix gas, gas prices will decline extra.
For drivers in Florida, the common 15-gallon tank of gas prices $51, $22 lower than gas prices in the course of June, after they hit a file excessive of $4.89 per gallon.
The common price for Tampa, St. Petersburg and Clearwater on Monday, Sept. 19 was $3.386 for regular gas.