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The average price of a gallon of gas is $3.79, down $1.10 from the record of $4.89 set on June 13.
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Some locations across the greater Tampa Bay region are now seeing gas below $4 a gallon.
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It's the fifth straight week of declines, and down from the record of $4.89 a gallon in mid-June.
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The price has dropped 16 cents from the previous week, and could fall even further over concerns of a global economic recession.
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The average price dropped 10 cents last week and has fallen 35 cents over the last three weeks.
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The average price of a gallon of gas fell 14 cents in the last week.
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The average price dropped 7 cents from its previous record high of $4.89.
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After a year of record-high inflation and an influx of new residents, many people and families are finding their housing costs are eating up most of their monthly budgets.
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Floridians are now paying 66% more than at this time last year.
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The economy and high prices are likely to be the top issues as voters go to the polls this summer and fall.
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Four in 10 Floridians surveyed by the AAA auto club said gas prices might keep them from leaving. The news came as forecasters suggested a potential storm in the Gulf could track toward Florida.
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The average price of a gallon of gas dropped 3 cents from last week's record high.