Florida gas prices drop nearly 40 cents since October, lowest since July

Florida drivers are seeing relief at the pump as gas prices have dropped nearly 40 cents per gallon since mid-October, according to AAA and FOX 35 Orlando reports.

The statewide average price for gasoline is now $3.79 per gallon, the lowest since July, down from $4.23 on October 15. Prices have also declined from $3.86 a week earlier.

The decrease is attributed to seasonal declines in gasoline demand and falling oil prices, with additional pressure from optimism about a potential resolution to the conflict with Iran, according to petroleum analysts.

Gas prices vary across Florida, with some rural and western areas near Jacksonville and the Space Coast seeing lower averages, while Monroe County and parts of South Florida report higher prices around $4.10 per gallon.

Diesel prices have also decreased slightly, averaging $5.89 per gallon statewide, down 9 cents from the previous week.

AAA representatives describe the recent price drop as encouraging for motorists but caution that further savings depend on market conditions.