Average retail gasoline prices in Florida have fallen 0.3 cents per gallon in the past week, averaging $2.88/g yesterday. This compares with the national average that has increased 2.1 cents per gallon in the last week to $2.93/g, according to gasoline price website FloridaStateGasPrices.com.

Including the change in gas prices in Florida during the past week, prices
yesterday were 65.3 cents per gallon higher than the same day one year ago and
are 0.7 cents per gallon higher than a month ago. The national average has
increased 6.8 cents per gallon during the last month and stands 72.1 cents per
gallon higher than this day a year ago.

"Last week we saw a correction in oil and wholesale gasoline prices," said
Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "With wholesale gasoline
prices down as much as 30 cents per gallon since last Monday, I expect retail
gasoline prices to fall as gasoline stations continue to sell through their more
expensive inventory and buy cheaper supply, passing on lower prices to
motorists."

DeHaan says that the correction in oil prices wasn’t much of a surprise, noting that fundamentals continue to show growing supply. "If the sentiment that ruled last week continues to weigh on traders, we could see the average price for gasoline drop across much of the country, just in time for Memorial Day weekend," he added.

About FloridaStateGasPrices.com

GasBuddy.com operates more than 200 live gasoline price-tracking websites, including FloridaStateGasPrices.com. GasBuddy.com was named one of Time magazine’s 50 best websites and to PC World’s 100 most useful websites of 2008.