South Florida

Gas prices in Miami area take a surprising dip

Prices at the pump dropped slightly last week after several weeks of increases.
Prices at the pump dropped slightly last week after several weeks of increases. Takaaki Iwabu

The steady rise of gas prices has taken a small (but merciful) break.

Average cost per gallon fell .8 cents last week, leveling out the average price to $2.13 in the Miami area, according to gasoline price monitor GasBuddy.com.

The national average fell a little more, at 1.2 cents per gallon in the last week, landing the average at $2.04 a gallon.

But experts warn these slightly lower prices might be temporary.

“We've been fortunate that 2016 delivered a successful and largely uneventful transition by refineries to the ‘summer blend’ fuel formulation which has been completed in California and is nearing completion almost everywhere else. Concurrent output through March and early April matches levels not seen since 2005,” Gregg Laskoski, senior petroleum analyst for GasBuddy, said in a statement. “So the healthy inventory in advance of demand has helped flatten prices, but we don’t expect that to last when summer travel kicks into high gear.”

  Comments