News
Get the Latest News on Shipping and Logistics Right Here

Gas prices drop for 11 consecutive days

Sep 13 2016

Gas prices fell nationwide for the 11th consecutive day on Sept. 11, down 4 cents in Florida.

“Gas prices immediately began their seasonal downward trend at the beginning of September,” said Mark Jenkins, spokesman, AAA - The Auto Club Group, in a prepared statement. “Refineries are entering maintenance season as they begin the switch to winter-blend gasoline. This fuel has fewer additives, making it cheaper to produce than summer-blend gasoline, which leads to lower gas prices. Gas prices should follow a downward trend through the rest of the year, unless there are refinery issues or if oil prices surge.”

Motorists now save an average of $18 for a full tank of gas compared to this time two years ago, when pump prices were more than $3 per gallon, said AAA. The current average price for a gallon of regular unleaded in Florida is $2.19, down 3 cents from a week ago and down 4 cents from this time last year, as well as $1.16 less than two years ago.

Popular News