Daytona Beach, FL - There's some minor relief at gas pumps across the state as Florida's gas prices continue to decline.
A recent report from AAA says the state's average price of gas—regular unleaded—has fallen a total of 4 cents over the past couple of weeks, ending at $2.97. This comes after the state saw the highest average price of the year, so far, at $3.01 per gallon. Further analysis shows Sunday's (July 25) average is 2 cents less than a week ago, yet 3 cents more than last month, and 91 cents more than this time last year.
"Gas prices may not move much this week, as futures prices finished slightly above a week ago," said Mark Jenkins, spokesperson for AAA. "Concerns about the Delta variant significantly impacted the crude oil market last week, causing oil prices to drop 8% on Monday."
Jenkins added that crude rebounded by the end of the week on the belief that the spread would not significantly impact the recovery in global fuel demand. And while crude futures finished the week stronger than the week before, the price for US oil remains $3 less than this year's high of $75.25.
As of Monday morning (July 26), Volusia County is seeing an average price of $2.95 per gallon, which is 2 cents less than last week, but 2 cents more than last month's average. In Flagler County, drivers are also seeing an average price of $2.95.
Panama City was found to have the highest average price in the state with $3.13 per gallon, while Punta Gorda had the lowest average price of $2.85.
The national average is currently sitting around $3.16, which is down by 1 cent when compared to last week's average.
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