Gas prices continue to drop in Florida as oil prices plummet

With the price of oil on a “steep decline,” South Florida drivers will continue to see relief at the pump, said Mark Jenkins, spokesman for AAA.

Gas has dropped another 9 cents a gallon this week in Florida, according to the auto club’s newest survey.

The average price in Florida is $2.23 a gallon. A year ago, the price was $3.39 a gallon. Nationally, gas costs $2.14 a gallon, 7 cents cheaper than last week, according to AAA.

“If this continues, we could see prices below $2 by February,” Jenkins said.

As of this week, a barrel of oil costs about $50, more than $50 less than last year.

“Production is outpacing demand,” he said.

With lower prices for gas, AAA predicted that more people would travel by car during the holiday season since 2001.

As for how long the prices will continue to drop, “it’s anyone’s guess,” Jenkins said.

“They will eventually have to level out,” he said.

This story was originally published January 12, 2015 at 6:37 AM with the headline "Gas prices continue to drop in Florida as oil prices plummet."