Gas Prices Dropping Again Ahead Of Holiday Travel

By on December 18, 2018 in WNDB News

Daytona Beach, FL – If you’re planning on hitting the road for the Christmas or New Year’s holidays, your wallet should feel a bit thicker after you’ve paid to fuel up compared to last year.

Gas prices locally are back on a downward trend after prices went up briefly when OPEC announced oil production cuts earlier this month.

AAA has the current Daytona Beach metro average at $2.22 for a gallon of regular, four cents under what it was a week ago.

The average for Volusia County also dropped four cents in the past week to $2.22, while Flagler County’s dropped seven cents to $2.23.

AAA spokesperson Mark Jenkins says gas prices in Florida are already at a two-year low for the holidays and should slip even lower in the next two weeks.

“Oil prices have been unable to gain significant upward momentum after OPEC announced plans to cut production,” Jenkins added. “The price of crude declined last week and should drop again this week because industry analysts are skeptical that OPEC’s plan could re-balance what is currently an oversupplied market. If oil prices drop even further this week, that would reduce the cost of producing gasoline and allow additional price cuts at the pump.”

Florida’s current average for a gallon of regular is $2.28, nine cents under the national average of $2.37, according to AAA.

Florida drivers are now paying 21 cents per gallon less than they did two months ago and 62 cents less than this year’s high, per Jenkins.

Due in part to the price drop at the pump, the auto club is projecting nearly six million Floridians traveling away from home for the end-of-year holidays, the most AAA has ever projected since it started keeping track of holiday travel in 2001.

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