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Here's why gas prices are expected to keep dropping

Orlando among lowest prices in Florida

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ORLANDO, Fla. – Drivers are getting some welcome relief at the pump.

The national average price for a gallon of regular unleaded was $2.90 on Sunday, after declining 7 cents since Memorial Day weekend. 

Gas prices in Florida declined 5 cents during the past week. The price for a gallon of regular averaged $2.76 on Sunday. Since peaking at $2.92 per gallon on Memorial Day weekend, gasoline has dropped a total of 16 cents per gallon. 

"Pump prices should sink even lower this week, after wholesale gasoline prices took a dive," said Mark Jenkins, spokesman for AAA. "There is now firm downward pressure on the oil market as it appears increasingly likely that OPEC will agree to ease production cuts. As a result, gas prices are poised for another 5-10 cent drop."

The most expensive gas price averages in Florida are in Miami ($2.89), West Palm Beach-Boca Raton ($2.88), and Crestview-Fort Walton Beach ($2.86)

The least expensive gas price averages in Florida are in Punta Gorda ($2.65), Orlando ($2.66), and Tampa-St. Petersburg-Clearwater ($2.66)
 


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