Gas Prices Fall A Few Cents

June 18, 2018

Motorists are getting some welcome relief from high prices at the pump. The national average price for a gallon of regular unleaded is averaged $2.90 on Sunday, after declining 7 cents since Memorial Day weekend.

“Pump prices should sink even lower this week, after wholesale gasoline prices took a dive,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “There is now firm downward pressure on the oil market as it appears increasingly likely that OPEC will agree to ease production cuts. As a result, gas prices are poised for another 5-10 cent drop.”

Gas prices in Florida declined 5 cents during the past week. The price for a gallon of regular averaged $2.76 on Sunday. Since peaking at $2.92 per gallon on Memorial Day weekend, gasoline has dropped a total of 16 cents.’

The average price per gallon in Escambia Count was on par with the rest of the state at  $2.76. One week ago, it was $2.78.

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Written by William Reynolds · Filed Under News