The price of a gallon of regular unleaded gas in Florida dipped below $3 over the weekend, but that threshold was short-lived.
Monday’s average of $2.97 is the lowest in more than a year, according to AAA-the Auto Club.
That’s 13 cents less than a week ago and 55 cents less than the same date in 2024.
However, by Tuesday, the average once again rose, to $3.09.
The decrease over the weekend is a product of low oil prices, which has remained below $70 a barrel since February, and strong gasoline production, according to AAA.
In the greater Tampa Bay region, the average went from $2.99 to $3.11.
“It's not clear how much lower prices will go,” AAA spokesman Mark Jenkins said in a news release. “Springtime factors like refinery maintenance, strong demand and the switch to summer gasoline typically keep upward pressure on prices at the pump."
The national price went up 5 cents last week to $3.13. Still, that’s 42 cents lower than a year ago.
