Look for gas prices to continue to decline this week– and possibly next week, as well, according to AAA.
The reason: The price of crude oil has continued to fall after the U.S. Department of Labor reported an increase in unemployment claims. Also, demand has fallen, leading to an increase in U.S. stockpiles of crude.
“Prices at the pump have remained relatively stable this summer, providing affordable prices for consumers, and it looks like the national average price of regular retail gasoline will stay within the $2.70 range for the Labor Day weekend,” said Jessica Brady, manage of AAA public relations.
Florida’s average price of $2.66 is down 4 cents from last week. In Fort Lauderdale, the average price is $2.71, down from $2.75 a week ago. In Miami, the average price is $2.73, down from $2.77 last week. And, in West Palm Beach, the average price is $2.75, down from $2.80.
Read more: Gas prices fall on decreased demand - South Florida Business Journal
