Florida gas prices sink to seven month low
Pump prices have largely declined throughout the summer
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Pump prices have largely declined throughout the summer
Pump prices are falling after sharp drops in the oil and gasoline futures markets last week
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Gasoline prices in Florida have risen for the first time in 10 weeks, with the average price of a gallon of regular unleaded increasing by 8 cents during the past week, according to the AAA auto club.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
That's down 11 cents from a week earlier, according to the AAA auto club.
That's down 14 cents from a week earlier and 68 cents from a month earlier, according to AAA.
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
In Miami on Monday, the average was $3.89 a gallon, Fort Lauderdale's average was $3.86.
In Miami on Monday, the average was $3.89 a gallon, Fort Lauderdale's average was $3.86.
Gas prices dropped an average of 17 cents per gallon last week
Gas prices dropped 17 cents in Florida last week.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
The average price of a gallon of regular unleaded gasoline in Florida dropped 15 cents during the past week and is down 57 cents over the past month.
Average price for gasoline in Florida was $4.41 per gallon on Monday
Average price for gasoline in Florida was $4.41 per gallon on Monday.
Average price for gasoline in Florida was $4.52 per gallon on Wednesday
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Due to a recent drop in crude oil and gasoline futures prices
Keith Jones reports the declines are due to a recent drop in crude oil and gasoline futures prices
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The state average declined 7 cents last week, after reaching an all-time high of $4.89 per gallon.
CBS4's Bobeth Yates spoke with motorists fed up with the inflated gas prices.
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