Gas prices at 12-year low in Tampa Bay area

Gas prices at 12-year low in Tampa Bay area

The West Palm-Boca Raton metro area is paying the most for gas in Florida, with the average price of gas at $2.31.

AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state.

AAA says the lowest average price was about $2.33 per gallon in the Marquette area.

So far, in June, gas prices across the Sunshine State have averaged $2.31, the lowest for the month of June since 2005 and just under the national average of $2.33.

Since June 1, Florida gas prices have averaged $2.31 for a gallon of regular. "And when travelers spend less at the pump, they are left with cash to spend on lodging, shopping and dining out". Jenkins said gas prices should continue to drop in the days to come. The region's average is down 11.6 cents from a month ago, the AAA data shows.

"Oil prices moved even lower last week, dragging gas prices down with them", Jenkins said.

Another round of discounts are expected this week as oil prices are having a tough time stabilizing. However, historically, the prices can rise or fall as the holiday approach. When gas stations can purchase the gas at a lower price mark, then it can pass the savings to the consumers.

The statewide average was $2.201 on Monday, down from $2.207 the previous day and $2.266 a week ago.

6· Domestic gasoline production increased last week, averaging 10.2 million barrels per day.

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