TAMPA, Fla. (CBS12) — Gas prices throughout the state continue to fall.
AAA said prices at the pump declined 12 cents per gallon over the last week, marking 31 straight days of declines, falling a total of 41 cents per gallon over that span.
"Economic recession concerns have kept downward pressure on the global fuel market, causing crude oil prices to plummet, dragging gas prices down with them," said Mark Jenkins, Public Relations Manager for AAA - The Auto Club Group. "The price of crude plunged 29% in the past month; 11% of that happened last week. This should pave the way for additional discounts at the pump this week. Unless fundamentals change, the state average could easily sink below $3 a gallon before Christmas Day."
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The state average is now $1.73 per gallon cheaper than the record high of $4.89 set back in June. Despite this, the average price per gallon remains 11 cents higher than this time last year.
While prices across the state may be falling, we continue to see high prices locally. West Palm Beach-Boca Raton remains the most expensive markets in Florida for gasoline, with an average per gallon price of $3.39.