Gas Price Slide Continues

posted by Alan McBride - 

Florida gas prices have been on a steep slide for the last three weeks and should drift even lower this week. 

That's the latest word from analysts at AAA Auto Club Group.

Florida motorists are paying an average of $2.54 at the pump, which is 8 cents less than last week. 

However, pump prices remain 34 cents more than this time last year, as prices remain inflated from supply and demand issues related to recent hurricanes. 

AAA says the largest weekly discounts in the past week were found in Tampa, Orlando, and Gainesville. 

The most expensive metro markets are West Palm Beach-Boca Raton, Miami, and Fort Lauderdale.

The least expensive metro markets are Tampa-St. Petersburg-Clearwater, Orlando, and Pensacola. 

Analysts say the state average is falling by about a penny a day, as retail prices continue to recover from the effects of Hurricanes Irma and Harvey.

They add that Hurricane Nate's impact on the Gulf Coast region should not affect local prices. 

However, if refineries and oil rigs have a difficult time resuming normal operations, and futures prices spike, then the local gas price plunge could stall out. 

All in all, it's something that will take a few days before analysts can see how things will play out.

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