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Gas prices across Florida hit a 4-week low, and could continue falling

Cars lined up for gas
Carl Lisciandrello
/
WUSF Public Media
A line forms for gas at a Shell station in Palm Harbor that was selling fuel for $4.07 a gallon.

The price has dropped 16 cents from the previous week, and could fall even further over concerns of a global economic recession.

Gas prices in Florida hit a two-month low last week, and that trend could continue.

According to AAA, the average price of a gallon of gas as of Monday has fallen to $4.41 cents a gallon.

That's down 16 cents from the previous week, and 48 cents over the last four weeks.

AAA Spokesman Mark Jenkins says the drop is the result of continued falling oil and gas prices amid the specter of a worldwide recession.

"Floridians are getting some welcome relief from record high prices at the pump," Jenkins said in a news release. "The price declines are attributed to falling oil and gasoline futures prices, which suffered steep drops in recent weeks, due to concerns about a potential global economic recession, and how that could result in lower worldwide demand for fuel.

"However, there is still concern about global fuel supplies, which is keeping somewhat of a floor on prices. Unless there's a sudden rebound in the price of oil, the state average should drop below $4.30 this week."

Motorists across the greater Tampa Bay area are paying just under $4.36 a gallon.

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