Gas prices dropping after storm spike

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THE NEWS SERVICE OF FLORIDA

Gasoline prices in Florida have fallen 7 cents during the past week and 25 cents over the past month, after hurricanes Harvey and Irma drove up costs at the pump.

The downward trend is expected to continue in the coming weeks, barring more tropical weather in the Gulf of Mexico. The auto club AAA said the average price per gallon of gas in Florida is $2.47 a gallon, down from $2.72 a month ago.

AAA spokesman W.D. Williams said production and distribution are returning to normal at refineries and ports, while demand is decreasing. Williams said price volatility has been felt across the country, beyond states directly impacted by the storms.

“Florida and the Southeastern states that accepted so many of the Florida people who were fleeing from their homes, they had the impact as well,” Williams said. “So, the supply and demand impacted more than just Florida.”

The current price is still more than 20 cents a gallon higher than a year ago. Florida’s most expensive gas is in Miami and West Palm Beach, while the cheapest fuel can be found in the Tampa Bay and Orlando areas.

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