DAYTONA BEACH — Gas prices dipped again overnight here as the steady decline now enters its eighth consecutive week.
In Daytona Beach on Monday, the average price for regular gasoline was $3.72 a gallon, down $1.17 from the record $4.89 price set on June 13, according to AAA Auto Club, which counts all of Volusia and Flagler counties as part of the metropolitan statistical area.
"Falling oil prices and drooping gasoline demand has paved the way for the recent pump price plunge," said Mark Jenkins, a Tampa-based spokesman for AAA in his weekly fuel price report on Monday. "The downturn should continue this week, after another round of big losses in both oil and gasoline futures markets."
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AAA reports daily changes in average prices for fuel for metro areas based on the final credit card purchases of the evening at gas pumps across the nation.
The statewide average price for regular gasoline in Florida dipped on Monday to $3.77 a gallon, down $1.12 from the all-time high $3.89 also recorded on June 13.
Nationally, the average price for regular gasoline fell to $4.05 a gallon on Monday, down 96 cents from the record $5.01 set on June 14.
"The national average is poised to fall back under $4 a gallon as early as today as we see the decline in gas prices enter its eighth straight week," wrote Patrick DeHaan, the Chicago-based head of petroleum analysis for GasBuddy.com, in his weekly report on Monday.
GasBuddy.com is a mobile app that reports prices at individual stations based on motorists' reports.
"By the end of the week, 100,000 stations (nationally) will be at $3.99 or less," said DeHaan. "Diesel continues to decline as well, and will likely soon fall under $5 per gallon."
In the Daytona Beach area, the average price for a gallon of diesel on Monday stood at 8/10ths of a penny above $5, down 71 cents from the record $5.719 set on June 11, according to AAA.
Who has the cheapest prices on Monday
On Monday morning, the cheapest place to buy gas in Volusia County was the 7-Eleven station at 700 N. Dixie Freeway in New Smyrna Beach, where the price for regular gasoline was $3.46 a gallon, according to GasBuddy.
In Flagler County, the cheapest place to buy gas was the Shell station at 2557 Moody Blvd. and the 7-Eleven station at 2560 Moody Blvd. in Flagler Beach where the price for regular was $3.64 a gallon.
In St. Johns County, Flagler's neighbor to the north, the cheapest place to buy gas remained the members-only Costco station on World Commerce Parkway, off Interstate 95 Exit 323, in St. Augustine where the price for regular on Monday morning was $3.65 a gallon.
Where gas prices currently stand
Average price for a gallon of regular gasoline:
Week Ago: $3.833
Month Ago: $4.415
Year Ago: $2.994
Highest Recorded Average Price: $4.895 (June 13, 2022)
Previous Record Average Price (prior to Russia's invasion of Ukraine): $4.117 (July 17, 2008)
Week Ago: $3.919
Month Ago: $4.459
Year Ago: $3.022
Highest Recorded Average Price: $4.891 (June 13, 2022)
Previous Record Average Price (prior to Russia's invasion of Ukraine): $4.079 (July 16, 2008)
SOURCE: AAA Auto Club
This article originally appeared on The Daytona Beach News-Journal: Gas prices fall 8th straight week in Daytona, rest of Florida