Monday, July 01, 2013

Falling Prices In Florida But Still Higher Than Last Year

Average retail gasoline prices in Florida have fallen 5.6 cents per gallon in the past week, averaging $3.43/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 5.7 cents per gallon in the last week to $3.50/gallon.

Including the change in gas prices in Florida during the past week, prices yesterday were 26.5 cents per gallon higher than the same day one year ago and are 1.2 cents per gallon lower than a month ago. The national average has decreased 13.6 cents per gallon during the last month and stands 12.9 cents per gallon higher than this day one year ago.

"After an impressive surge abated several weeks ago, we're seeing gasoline prices decline nicely," said Analyst Patrick DeHaan. "One in five states currently has at least one gas station with gasoline under $3/gallon: South Carolina, Alabama, Tennessee, Oklahoma, Ohio, Texas, New Mexico, Virginia, Indiana, and Michigan all have at least one station statewide under $3. The national average is likely to continue its decline this week as retail prices catch up to the decrease in wholesale gasoline prices," DeHaan said.

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