By CBSMiami.com Team

TAMPA (CBSMiami) —  Florida gas prices are gradually declining as 5.4 million Floridians prepare to hit the road for the holidays.

Sunday’s state average has slipped to $$3.23 per gallon, after declining 3.5 cents during the past week. That downward trend is likely to continue this week, unless oil prices suddenly rebound.

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Gas prices are still slowly adjusting to the recent drop in crude oil prices. The price of U.S. oil plummeted 13% on Black Friday on concerns about how the Omicron variant could limit global mobility. Oil prices appeared ready to stage a comeback last week but lost momentum by the week’s end. Friday’s settlement of $70.86 per barrel is 1% less than a week ago, 10% less than the price before Thanksgiving, and 16% below the November high of $84.15/b.

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“Holiday travelers are getting the gift of falling prices at the pump, though these prices surely aren’t falling as fast as many would like,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Travelers are poised to pay about a dollar per gallon more than they did last year.”

After many decided to stay home and play it safe last year, it appears that higher gas prices will not be a big deterrent. AAA forecasts a strong 28% rebound in road trips compared to last year.

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Regional Prices

  • Most expensive metro markets – West Palm Beach-Boca Raton ($3.42), Naples ($3.30), Fort Lauderdale ($3.29)
  • Least expensive metro markets – Crestview-Fort Walton Beach ($3.09), Punta Gorda ($3.12), The Villages ($3.12)

CBSMiami.com Team