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Florida gas prices on the decline

Posted at 7:34 AM, May 08, 2017

LEE COUNTY, Fla. -- If you're stopping by the gas station for a fill-up, you’ll likely be paying a little less at the pump.

Florida gas prices are averaging just under $2.37, and in the Fort-Myers-Cape Coral area, the average price is 2 cents lower than that.  That's about a 4 cent drop in the last week and the lowest price in more than a month.

According to AAA, gas prices are falling because of continued high production rates, moderate demand, and a recent drop in crude oil prices.

"Gas prices are falling due to continued high production rates from U.S. refineries, moderate demand, and a recent drop in crude oil prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "If this trend holds, gasoline will be near or below year-ago levels by Memorial Day, and rival prices seen last summer."