ORLANDO, Fla. – Britain's decision to leave the European Union could have a positive impact for drivers' wallets when it comes to prices at the pump in the United States.
According to AAA, the price for crude oil, which is globally traded on the stock market, dropped by $2.50 the day after the Brexit vote. Since gas prices are largely affected by the price of oil, this reduces the likelihood of gas prices rising in the near future, AAA said.
After declining a week ago, crude oil prices were recovering until the Brexit vote caused them to drop back down.
The average price for a gallon of gas is $2.31 nationwide and $2.27 in Florida. Compared to last week, average prices are down 3 cents nationwide and in Florida.