AAA: Gas Prices Heading Down As Futures Plummet

1 month ago 19
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MIAMI (CBSMiami) — Florida state prices are down 3 cents from a week ago and are astir to gaffe adjacent lower, unless futures prices tin retrieve from crisp declines last week.

The terms of U.S. crude dropped astir 10% past week, settling $6 per tube little than the week before. Meanwhile, gasoline futures dropped 24 cents (12%). Wholesale gasoline prices haven’t been this debased since April, erstwhile the mean terms astatine the pump was beneath $2.80 per gallon.

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“The delta strain of Covid-19 continues to thrust substance prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The engaged summertime driving play ends successful September and marketplace watchers are worried that Covid-19 volition origin request to driblet much dramatically than it has successful erstwhile years. If crude lipid and gasoline futures clasp astatine existent levels, prices astatine the pump could driblet much than 20 cents per gallon successful the weeks to come.”

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Last week, the authorities mean dropped beneath $3 per gallon for the archetypal clip since August 3rd. Florida state prices are present averaging $2.98 per gallon. The authorities mean is 3 cents little than a week ago, the aforesaid terms arsenic past month, 90 cents much than a twelvemonth ago, and 59 cents much than this clip successful 2019.

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Regional Prices

  • Most costly metro markets – West Palm Beach-Boca Raton ($3.14), Panama City ($3.10), Tallahassee ($3.06)
  • Least costly metro markets – Punta Gorda ($2.86), Ocala ($2.91), Orlando ($2.92), Tampa-St. Petersburg-Clearwater ($2.92)

CBSMiami.com Team

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