Fuel prices down for 4th of July holiday, GasBuddy announces

According to GasBuddy, gas prices are falling ahead of the Fourth of July.

The average price of a gallon of petrol in Florida declined 8.1 cents in the last week, to $3.23 per gallon. GasBuddy examined prices at 8,237 Florida gas stations.

Prices are down 9.4 cents per gallon from a month ago and down 130.1 cents per gallon from previous year.

“Just ahead of Independence Day, the national average has fallen to its lowest level since late April, with oil prices remaining under considerable pressure due to a cloudy outlook for the global economy,” Head of Petroleum Analysis Patrick De Haan said in a statement.

“We could see gasoline prices under some additional pressure soon, especially as we head into the closing innings of summer next month.”

The average price in Tampa was $3.20, while the average in Sarasota was $3.25, according to GasBuddy.
De Haan said gasoline demand will increase into the peak of summer.

There’s a chance the national average could fall below $3 per gallon in the fall, De Haan said.