Post-Labor Day outlook optimistic for Florida gas prices

Gasoline costs declined for 11 straight weeks forward of Labor Day weekend, and specialists say that downward pattern is prone to proceed into the autumn, Axios’ Ivana Saric reviews.

Driving the information: The present common worth of an everyday gallon of gasoline in Florida is $3.52 as of Monday, in response to the American Vehicle Affiliation (AAA).

• That is cheaper than each the nationwide common (about $3.79), and Miami-Dade’s ($3.57).

The massive image: Florida’s common gasoline worth continues to be considerably increased than the common a yr in the past — when a gallon price roughly $3.02 — however decrease than final month, when it averaged round $3.84.

• The value can be a notable enchancment from its all-time peak on June 13, at $4.89.

What to look at: Some states — like Oklahoma and Texas — may see gasoline costs fall under $3 per gallon “by the top of the yr, if not earlier,” Patrick De Haan, head of petroleum evaluation at GasBuddy, advised CNBC in an interview revealed Monday.

• “Though gasoline demand has elevated and provide has tightened, decrease oil costs have led to falling pump costs,” AAA defined in a press release Thursday.

Sure, however: Costs may leap once more if hurricanes or different climate issues affect oil refineries.