Oil prices begin to fall after concerns of effects from Israel-Hamas war
Gas prices continue on downward trend as oil prices begin to fall, after concern they would rise in response to Israel-Hamas war.
The state average for gas sits at $3.28, dropping once more after a brief spike by 10 cents around Oct. 25.
"The increase was in response to the rise in crude oil prices, which occurred two weeks ago," said Mark Jenkins, spokesperson for The Auto Club Group. "Fortunately, crude oil prices fell last week, and gas prices are doing the same."
From a week ago: Florida gas prices continue to 'fall' while concerns for oil prices grow
According to AAA, the U.S. price of crude oil settled at $85.54 per barrel, which is down by $3.21 per barrel, about 4%, from weeks prior.
A glance at Florida's gas prices
Most expensive metro markets: West Palm Beach-Boca Raton ($3.48), Naples ($3.35), Tallahassee ($3.34)
Least expensive metro markets: Pensacola ($3.06), Crestview-Fort Walton ($3.09), Panama City ($3.18)
Daily gas price averages can be found at gasprices.aaa.com
Arianna Otero is the City Solutions Reporter for the Tallahassee Democrat. Contact her via email at AOtero@gannett.com or on Twitter @ari_v_otero
This article originally appeared on Tallahassee Democrat: Oil prices and gas prices continue of downward trend
