Gas prices continue summer swoon
Published: Monday, July 28, 2014 at 3:21 p.m.
Last Modified: Monday, July 28, 2014 at 3:21 p.m.
Gasoline has dropped to its lowest price since March amid rising supplies and falling oil prices.
The national and Florida average prices for a gallon of regular unleaded gasoline are on a 30-day streak of declines. Prices in Georgia have fallen 34 consecutive days.
“Oil prices briefly rose following the crash of Malaysian Airliner Flight MH17, but gas prices didn't skip a beat last week," Mark Jenkins, spokesman for AAA - The Auto Club Group, said Monday. "Motorists continue to enjoy discounts at the pump and that's likely to continue this week."
The price of oil fell more than $1 on the NYMEX this week. Oil is trading lower as gasoline supplies reach a four-month high and outpaces demand.
The national average price for a gallon of gasoline is 6 cents cheaper than last week. The average price also fell 5 cents in Florida and Georgia.
In Gainesville on Monday, the average price for a gallon of regular was $3.56, down 6 cents from last week, according to the website www.GasBuddy.com. In Ocala, the average price was $3.46, down from last week's $3.52.
The lowest price in Florida on Monday was $3.17 in Riverview and the highest was $5.99 in Lake Buena Vista.