:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/TLI35GHV5NF2ZBOHRZVCGWPT7U.JPG?w=1068&resize=1068,0&ssl=1 "Florida gas prices down nearly 12 cents as travelers gear up for holiday travel – WFTV")
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ORLANDO, Fla. — The value of a gallon of gas in Florida continues to drop for the fifth week in a row.
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According to AAA, the typical value of gasoline in Florida is $3.04 per gallon, down from $3.16 every week in the past.
Mark Jenkins with AAA says falling oil prices and market considerations of a world recession have contributed to the decrease prices.
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“Lower oil prices lowers the cost of producing gasoline. These low gas prices should hang around through the end of the year unless oil prices unexpectedly rebound,” Jenkins mentioned.
The value of oil has dropped nearly 23% since November with the worth per barrel at $74.29.
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Daily updates on gas prices may be discovered here.
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