Gas prices in Florida are about to reach a new low for 2023 after declining once more last week. Last week, the state average decreased by ten cents per gallon.
The average price of gas on Sunday was $3.23 per gallon. This is just one cent more than the lowest daily average price of $3.22 per gallon this year, which was recorded on March 6th.
It is the lowest daily average price since early March.
Throughout the last 34 days, the state average has primarily decreased. The state average fell 46 cents per gallon during that period.
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“Gas prices are still following the downward momentum created by the seasonal downturn in fuel demand, coupled with stronger gasoline supplies and the switch to cheaper winter blend gasoline,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, the continued streak of declines is threatened by a second week of rising oil and gasoline futures prices.”
The U.S. price of oil logged a small 1% gain last week, amid ongoing concerns about the conflict between Israel and Hamas. In total, U.S. oil has risen 7% ($6 per barrel) over the past two weeks. Gasoline futures also rose 11 cents per gallon last week, for a total increase of nearly 20 cents in two weeks.
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