Florida gas prices hit a five-month low this week.
According to AAA, the Auto Club Group, state gas prices averaged $2 Monday, down 4 cents over the week and 17 cents since last month. Tampa Bay prices were even lower at $1.93 per gallon on average, down 6 cents from last week and 25 cents from last month.
The bay area had the third-lowest gas prices in the state Monday.
“Demand concerns related to surging cases of COVID-19 continue to weigh on the global fuel market, leading to lower prices at the pump,” said Mark Jenkins, AAA spokesman.
Oil markets this year have been tumultuous. After a brief uptick, prices of crude oil futures fell to a five-month low last week, the Wall Street Journal reported.
Gas prices across the country are about 9 percent lower than they typically are this time of year, AAA said.
Punta Gorda had the lowest average gas prices of metro areas in the state ($1.88 per gallon) followed by Orlando ($1.92 per gallon) and Tampa Bay.
The state’s highest average gas prices were in West Palm Beach ($2.15 per gallon), Panama City ($2.09 per gallon) and Pensacola ($2.07 per gallon).
State prices could push down even farther over the coming days, AAA’s Jenkins said.
“The state average should slip below $2 a gallon and sink to $1.95 by the weekend,” he said.
If it did, this would be the first time since early June that Florida gas prices dipped below $2 per gallon on average.
Nationally, gas prices were $2.11 per gallon on average, down 2 cents over the week and 8 cents since this time last month.
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