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Florida gas prices drop 11 cents, but oil sanctions may end relief

WPEC · last updated

PALM BEACH COUNTY, Fla. (CBS12) — Florida’s gas prices saw a decline of eleven cents, bringing the state average to $3.00 per gallon as of Sunday.

The American Automobile Association (AAA) said that this marks the lowest daily average price in the state since March 24.

“Unfortunately, the downward trend may not continue much longer. Oil prices moved higher last week after the U.S. imposed sanctions on Iranian oil,” said Mark Jenkins, a spokesman for AAA.

See also: FHP gets Corvette to patrol Florida roads

According to AAA, compared to a month ago, the state average is down by two cents, and it’s also 59 cents lower than prices at the same time last year.

Officials noted that last week, the U.S. price of crude increased by over $3 per gallon, a rise of about 5%. Additionally, gasoline futures jumped by 10 cents.

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