Gas prices hover around $2 in Florida

There’s no doubt about it, gas prices are going down.  The average price for a gallon of regular in Florida this Labor Day weekend was $2.26.  FOX 35 found several stations with prices as low as $2.06/gallon.   Gas prices nationwide are dropping and since peaking in Florida at $2.72 in June, prices at the pump are down 46 cents, and counting.

According to AAA, a weakened Chinese economy, coupled with the belief that Iran could soon start pumping millions of barrels of oil per-day back into the market is keeping crude oil cheap.  AAA is forecasting gas prices could drop below $2/gallon Christmas,  as suppliers transition to less expensive winter blends.