Local

AAA: Florida gas prices down from a week ago as oil prices fall

ORLANDO, Fla. — The price of a gallon of gas in Florida is down to its lowest price in a month.

According to AAA, the average price for gasoline in Florida is $4.07 per gallon, down from $4.17 a week ago.

STORY: Police: Multiple people shot in Brooklyn subway station

Mark Jenkins with AAA says gas prices are following a downward trend as crude oil prices continue to fall.

“Oil futures are falling because of global demand concerns related to COVID-19 outbreaks in China. The potential of higher U.S. interest rates and a strengthening dollar have also put downward pressure on petroleum prices,” Jenkins said.

STORY: CCSO: Active investigation unfolding in Green Cove Springs

Last month, the United States and its allies in the International Energy Agency pledged to release nearly 240 million barrels of oil, which is reportedly the largest release of petroleum reserves ever.

On Monday, the U.S. price for oil was at $94.29 per barrel, the lowest price since February.

Daily updates on gas prices can be found here.

Download the Action News Jax news app and watch Action News Jax for live updates on this developing story, or click here to have updates sent straight to your inbox.

Matt Reeser

Matt Reeser, WFTV.com

Matt Reeser joined WFTV in 1998 as a news photographer and has worked for television stations in Kentucky and West Virginia.