AAA: Florida Gas Prices Falling After Crude Price Plunge

TAMPA (CBSMiami) —  Florida state prices are dilatory adjusting to the caller crude lipid terms plunge. Sunday’s authorities mean has slipped to $3.30 per gallon, aft declining 4 cents during the past week. That downward inclination is apt to proceed this week, unless lipid prices abruptly rebound.

Crude lipid prices plummeted aft Thanksgiving, connected concerns astir however the omicron variant could impact planetary substance demand. The terms of US crude dropped 13% aft Thanksgiving and remained down each past week. Friday’s closing terms of $66.26 per tube is 15% beneath the terms connected the Wednesday earlier Thanksgiving. It’s besides 21% beneath the 2021 precocious of $84.15/b – which was recorded astir 4 weeks ago.

READ MORE: Fourth Stimulus Check: Is Another Relief Payment Coming?

“An lipid terms driblet of that magnitude, if sustained, could perchance thrust the authorities mean backmost beneath $3 a gallon,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “But it won’t hap overnight. Florida pump prices are falling astatine a complaint of 1-cent a day. Unless that complaint accelerates, it could instrumentality a fewer much weeks earlier pump prices afloat adjust.”

READ MORE: University Of Miami Fires Manny Diaz, Oregon's Mario Cristobal Will Replace Him

AAA’s year-end question forecast volition beryllium released connected Tuesday, December 14.

MORE NEWS: Spread Holiday Cheer With New Florida Lottery Scratch-Off Games

Regional Prices

• Most costly metro markets – West Palm Beach-Boca Raton ($3.48), Naples ($3.37), Fort Lauderdale ($3.35)
• Least costly metro markets – Crestview-Fort Walton Beach ($3.17), The Villages ($3.19), Pensacola ($3.23)

CBSMiami.com Team