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Gas prices have decreased by double digits across Florida as the summer vacation season begins. As of Monday, June 1, gas prices in the state are nearly 30 cents a gallon lower than they were a week ago. Several areas are back under $4 gallon, including Orlando and Fort Myers.
“We’ve seen oil prices pull back over the past couple of weeks as hopes grow that the U.S. and Iran are nearing an agreement that could reopen the Strait of Hormuz,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Since oil makes up about half the cost of gasoline, that can translate into lower prices at the pump.”
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