Gas prices fall another 7 cents in Florida - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Gas prices fall another 7 cents in Florida

TAMPA, Fl. (AAA) -

The national average price of regular unleaded gasoline is $3.64, 5 cents less than last week. Florida's average of $3.48 decreased 7 cents from last week.

The continued decrease in retail gas prices helped make this year's unofficial start to the summer travel season much more affordable for motorists. Although prices remain above $3 a gallon, motorists in Florida, Georgia, and Tennessee paid an average of 30 cents less a gallon than they did during last year's Memorial Day weekend. Although pump prices continue to fall, the price of a barrel of oil remained relatively unchanged last week after two reports placed some bullish pressure on the market.
"While Europe's financial issues still weigh heavy on the market, some bullish news has come to light that could cause oil prices to increase this week," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "Just because oil prices may inch up this week, doesn't mean we're going to see a spike in retail gas prices. At this point, it looks like pump prices will continue to fall at a steady pace as we enter June."

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