Deadline Miami

Gas prices dip in Miami area; under $2 could be coming

Gas prices are on the decline in the Miami area, anc could dip even lower.
Gas prices are on the decline in the Miami area, anc could dip even lower. AP

It’s a good time to fill the tank.

Gas prices in the Miami area have dipped nearly 3 cents a gallon in the past week, according to GasBuddy.com, with an average of $2.17 for a gallon of regular.

“We are going to end this year with the lowest gas prices since 2008, and people want to know can it get even lower? Yes, it can,” said Jeff Pelton, senior petroleum analyst for GasBuddy. “There is simply too much crude oil out there for gas prices not to decline.”

GasBuddy surveyed 1,690 outlets in the Miami area, finding that prices have declined 2.9 cents from a week ago. Other areas of Florida also have seen a declined, with Naples seeing the biggest plunge, down 3.1 cents a gallon from last week.

The average price per gallon in Florida stayed about the same, $2.035 cents a gallon, according to AAA. The national average also held steady at $2.015.

"Georgia and Tennessee state averages are already below $2 a gallon, and these low oil prices should be the catalyst to send Florida's state average below the same benchmark," said AAA spokesman Mark Jenkins.

The last time Florida gas prices dipped below $2 a gallon was March 2009.

Said Jenkins: "Global oil prices hit their lowest levels since 2009 over the past week and the sentiment that prices will remain lower for longer is gaining traction.”

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