Gas prices fell for a third straight week in Florida and the trend should continue as the U.S. announced a framework on Sunday for an agreement expected to end its war with Iran and reopen the flow of oil tankers through the Strait of Hormuz.<\/p>\n
The auto club AAA put the average gallon of gas in Florida at $3.81 on Monday, ranging from a low of $3.48 in Escambia County at the western end of the Panhandle to $4.17 in Monroe County, which includes the Florida Keys.<\/p>\n
The average, down 3 cents over the past week, has fallen 71 cents since May 20, when market optimism grew upon the latest round of ceasefire talks.<\/p>\n
Still, Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned it may take a few days to \u201csee if the agreement sticks, and if traffic begins moving in the Strait.\u201d<\/p>\n
\u201cBeyond that, the national average could fall below $3.75\/gal by July 4, under a optimistic timeline, but hurricane season could be a major wildcard for the rest of summer-tight global inventories mean it will take months or beyond to fully restore global oil inventories,\u201d De Haan posted on X.<\/p>\n
The U.S. has sought to counter pump prices by drawing down\u00a0reserves to the lowest levels since the early 1980s.<\/p>\n
The national average stood at $4.07 a gallon on Monday, according to AAA. The average is down 9 cents over the week and 49 cents since May 20.<\/p>\n
The state average was $2.90 a gallon on February 28, with the national average at $2.98, when the U.S. and Israel began military operations against Iran.<\/p>\n","protected":false},"excerpt":{"rendered":"Gas prices fell for a third straight week in Florida and the trend should continue as the U.S.…\n","protected":false},"author":2,"featured_media":308034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-308033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-florida","tag-florida-headlines","tag-florida-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/308033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=308033"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/308033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/308034"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=308033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=308033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=308033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}