Gas prices in Tampa continue to drop – when will it last?

According to AAA, gas prices in Florida have continued to plummet to the lowest level in seven months.

The state’s average gas price was $3.23, which was 10 cents cheaper than the previous week’s average, after a 34-day fall.

This is also slightly higher than the state’s lowest 2023 average, which was $3.22 per gallon on March 6.

“Gas prices are still following the downward momentum created by the seasonal downturn in fuel demand, coupled with stronger gasoline supplies and the switch to cheaper winter blend gasoline,” AAA spokesman Mark Jenkins said.

“However, the continued streak of declines is threatened by a second week of rising oil and gasoline futures prices.”

According to AAA, US oil prices have climbed 7% in the last two weeks due to concerns over the Israel-Hamas war.

Based on this report, Tampa is one of the most affordable metros for gasoline, with an average price of $3.13. With average prices of $3.12, Orlando and Pensacola were also placed among the least costly metros.

The most costly markets, on the other side, were West Palm Beach-Boca Raton, with an average price of $3.45, Naples, with an average price of $3.40, and Tallahassee, with an average price of $3.39.

The national average was reported to be $3.55 on Sunday, more than 25 cents higher than the Florida average.

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