Gasoline prices have fallen for 30 straight days, AAA said Monday. That’s the longest streak since August and September of last year, and prices have reached their lowest mark for this date since 2004.
Palm Beach County’s average for a gallon of regular is $2.34, down from $2.37 a week ago. Florida’s average stands at $2.19, down from $2.23 a week ago, according to AAA’s Fuel Gauge Report.
Even better, gasoline prices are poised to continue their slide this week as both crude oil and wholesale gasoline prices declined last week.
AAA said that while gas prices may continue to slide this month, there are a number of factors that could cause prices to rise again. This includes an increase in the global price of crude oil due to disruption in supply, stronger than expected economic indicators or geopolitical tensions overseas, as well as domestic factors such as refinery issues, production cuts due to lower prices, stronger than anticipated demand or hurricanes that impact distribution and production.