Last week, the average price of South Florida for regular unleaded gasoline fell $ 3.90 to $ 3.98 the previous week and $ 2.86 a year ago. drop comes as oil prices fell 16 cents to $ 99.49 a barrel on the New York Mercantile Exchange, AAA Fuel Gauge report said.
reduction in prices due to the falling value of the euro last week that an increase in the dollar and pushing oil prices down. In addition, demand for fuel has declined in Europe and the USA.
South Florida details the fuel average:
* Fort Lauderdale: a gallon of regular unleaded gasoline was $ 3.89, compared with $ 3.96 the previous week and $ 2.83 a year ago.
* Miami: regular unleaded fell to $ 3.90 from $ 3.97 the previous week and $ 2.86 a year ago.
* West Palm Beach / Boca Raton: regular unleaded averaged $ 3.92, compared with $ 4 last week and $ 2.89 a year ago.
"Retail gas prices are expected to further decline this week," AAA Auto Club South Representative Jessica said Brady. "Gas prices may drop another 5 cents before the holiday Memorial Day, bringing more travelers to last-minute decision to travel to the three-day weekend."
Read more: Gas prices fall on the eve of Memorial Day | South Florida Business Journal.
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