Gas Prices Fall Over Memorial Day Weekend

MIAMI BEACH (CBSMiami) – As drivers begin their treks back home after the Memorial Day weekend, they will get a welcome sight at the gas station…falling prices.

According to AAA, drivers in Florida are paying 34 cents less per gallon of gas than they were paying one month ago. Additionally, drivers are paying nearly 30 cents less per gallon than they were on Memorial Day 2011.

The prices have been dropping as the European economy has declined, but oil prices still haven’t settled below $90 a barrel just yet. As consumer sentiment in the U.S. increased, prices could show a slight increase if it’s enough to overcome the European economic woes.

Statewide, drivers in Florida are paying $3.47 per gallon for a gallon of regular unleaded. Locally, drivers in Fort Lauderdale are paying $3.57 per gallon, which is down roughly 27 cents from the same time one year ago.

In Miami, drivers were paying slightly more at $3.59 per gallon. Last month, drivers in Miami were paying $3.88 a gallon and one year ago, gas was selling for an average of $3.85 on Memorial Day.

The cheapest gas prices in the state were in Pensacola where drivers were paying an average of $3.36 per gallon.


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