AAA: Florida gas prices dropping, could drop more in coming weeks

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AAA: Florida gas prices dropping, could drop more in coming weeks
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Florida gas prices dropped 7 cents per gallon last week, according to AAA.

On Sunday, the state average was $3.50 per gallon. That’s 8 cents below the 2023 high and only 3 cents more than this time last year., is the Gate Gas Station on Blanding Boulevard in Orange Park at $2.99. The second cheapest is the Circle K on Blanding Boulevard in Middleburg at $3.15. Gas Buddy relies on drivers to report the cheapest prices, so these prices may not be exact.“Pump prices are moving lower again after a sharp drop in the oil and gasoline futures markets,” said Jenkins.

There’s also speculation that the strong January jobs report could cause the Federal Reserve to pass additional interest rate hikes, which could potentially lower fuel demand, according to AAA.

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