- Gas prices in the Gainesville area fell from $4.37 to $4.03 per gallon over the past week after reaching a four-year high last month.
- Florida has the 15th lowest gas price nationwide at $3.90 per gallon, down from $4.21 last month and $3.02 last year statewide.
Gas prices in the Gainesville area dropped over 30 cents over the past week after hitting four-year highs last month.
According to the AAA’s weekly report released on Thursday, the cost per gallon in the Gainesville area is $4.03, down from $4.37 on May 28. The average price in Florida went from $4.21 to $3.90, and nationwide, the cost dropped to $4.24 from $4.42.
“The national average for a gallon of regular gasoline is down 18 cents since last week to $4.24. This marks the second straight week of decline,” the AAA release stated. “Pump prices are cooling off as the price of crude oil remains below $100 per barrel. Drivers will take all the relief they can get as they embark on summer road trips. But uncertainty lingers over when the Strait of Hormuz will fully reopen and resume traffic. That unknown means oil prices will likely not decrease dramatically as summertime gasoline demand starts going up.”…