Florida gas prices on 5-week streak of declines

JACKSONVILLE, Fla. — It is welcomed news for Florida drivers.

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Florida gas prices dropped another 15 cents last week. The state average is now on a 5-week streak of declines, falling a total of 62 cents per gallon.

On Sunday, July 17, the average price of gasoline was $4.27 per gallon. While the price was $3 a gallon this time last year, the average cost to fill up an average-sized 15-gallon tank of gas is $64. That is $9 less than what drivers paid when gas prices hit a peak of $4.89 in mid-June.

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“For the first time in a couple months, drivers in some Florida cities are beginning to find pump prices below $4 a gall,” said Mark Jenkins, spokesman for AAA – The Auto Club Group. “Oil prices suffered significant drops last week, clearing the way for additional discounts at the pump.”

Jenkins went on to say that prices could get even cheaper this week but that it is important to remember that the energy market remains extremely volatile.

And what about hurricane season?

“If a major storm makes landfall along the Gulf Coast, impacting operations at refineries in Texas, Louisiana, or Mississippi, prices could spike, due to concerns about fuel supplies,” said Jenkins.