Gas Prices Still Falling

By: The News Service of Florida
By: The News Service of Florida

December 20, 2011 -

Gas prices continue to fall with Florida motorists paying a few pennies per gallon less this week than last week and more than a dime less than they were paying at the pump a month ago, according to auto club AAA. The average Florida price per gallon of $3.26 is down 4 cents from last week, and down from $3.38 a gallon a month ago. It's still higher than it was a year ago, however, when motorists were paying $2.99 a gallon. The national average price for a gallon of regular unleaded is $3.22, a few pennies below Florida's. AAA says prices are expected to continue to drop into the new year. "Europe's lingering debt issues and somber economic outlook continue to put downward pressure on oil prices," AAA said in its weekly report. "The dollar gained momentum after the value of the euro fell curbing the appeal of oil as a commodity. Oil prices also dropped after OPEC agreed to increase output quotas to 30 million barrels a day to meet future expected growth numbers."

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