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AAA: Falling gas prices headed toward $3 a gallon

2:13 PM, Jun 13, 2012   |    comments
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TALLAHASSEE, Fla. - Gas prices continue their steady drop across Florida and now it looks as though they are headed for $3 a gallon, according to AAA.

Prices at the pump fell again Wednesday. Now the average price is $3.35 a gallon in Florida. That's down 15 cents in just one week.

Motorist Mark Jackson says he's thrilled to see gas prices are dropping like a rock. He has a pizza delivery job so lower prices at the pump help his bottom line.

"I've noticed a big difference because I drive for a living so it helps me out considerably. I'm excited about that but if it goes down to $2 then we'll all be happy."

Certainly motorists are happy to see the downward trend in prices. Earlier this spring it looked as though drivers would be paying $4 a gallon this summer.

But a sluggish economy nationally and globally has pushed oil prices below $85 a barrel for two weeks in a row. That hasn't happened since last October.

Brenda Smith of AAA says surplus inventory is also a factor.

"There's been a lot of oil that's kind of been sitting in barrels because there's not been a need for it, which also has lots to do with our decreasing gas prices," she said. 

Smith says you can expect gas prices to keep falling unless the hurricane season turns bad.

"It could be a steady three to five cents a week. We actually look at the possibility that before long they could fall as low as $3 as the national average. That would be wonderful news for everybody."

Right now gas prices in Florida are nearly 20 cents below the national average of $3.54 a gallon.

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