Sun Sentinel Broward Edition

Fuel gets cheaper MONEY 7B Gas prices in Florida dropped another 5 cents last week.

AAA: Average $2.15 for holiday travel

- By Ron Hurtibise Staff writer

Rising demand doesn’t lead to higher prices.

Even though travel club AAA says this may be the most heavily traveledJu­ly4holiday­weekendin history, prices at the pump fell another5 cents in Floridaand­3 cents nationally over the pastweek.

Theaverage price for a gallon of always unleaded regular in Florida on Monday was $2.15. Nationwide, the averagewas $2.23.

Sub-$2 prices were rampant across metro regions including Tampa, Orlando, Melbourne and Vero Beach. Three stations in the Largo area of Pinellas County were competing at $1.89.

The falling prices are helping to fuel what AAA says could be a record number of holiday motorists. Nationwide, 37.5 million Americansw­ere expected to drive to their July 4 destinatio­ns over the long holiday period that began Friday. That’s a 2.9 percent increase over last year.

The monthlong gas-price freefall is a result of skidding crude oil prices in global markets over the past month, spurred by increased drilling production in the U.S. The declines might be nearing an end; a rebound in crude oil futures that began last week continued onMonday.

Abarrel ofWestTexa­s Intermedia­te crude was trading at $47.09 on the New York Mercantile Exchange late Monday afternoon — the eighth straight day of higher prices after crude dropped to $42.74 on June 22. One reason: a report on Thursday by the U.S. Energy Informatio­n Administra­tion that drilling activity in theU.S. dropped by two rigs — the first pullback since January.

Meanwhile, the per-gallon price in Broward County onMonday was $2.22, 5 cents less than a week earlier. Motorists in MiamiDade Countywere paying an average of $2.25, a 3-cent drop compared with the previous Monday. Palm Beach County’s $2.27 average price on Monday was also 3 cents less than aweek earlier.

The lowest gas prices in the region could be foundwest of Interstate 95 in the West Palm Beach area — $1.99 at nine gas stations along Southern Boulevard, BelvedereR­oadandOkee­chobee Boulevard, according to GasBuddy.com.

Broward County motorists could find gas for $2.04 a gallon at two stations along North Federal Highway in Pompano Beach — a Valero at the intersecti­on with East Atlantic Boulevard and a Citgo atNortheas­t Sixth Street.

The lowest reported price in Miami-Dade County was $2.03 at Sunshine Gas on Northwest 183rd Street and DouglasRoa­d in Miami Gardens.

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