TAMPA, FLA. -- The combination of growing economic concerns at home and abroad and slumping crude oil prices continue to pull gasoline prices lower.
According to the latest Fuel Price Brief from Tampa-based AAA South, the national average for a gallon of regular unleaded gasoline is $3.72, a decline of 6-cents from the week before.
Floridians are paying an average of $3.63 per gallon.
AAA South spokesperson Jessica Brady says that concern over European debt and a lack of confidence in the U.S. economy is resulting in lower demand. Crude oil has also hit a low for 2012.
"As a result of weakened demand, retail gas prices are expected to decrease throughout the week and continue May's downward trend in pump prices," said Brady. "Motorists are paying almost 30 cents less for a gallon of gas nationwide, than they did this time last year."
The price of crude oil fell by $2.36 from the week before to close Friday at $96.13 per barrel on the New York Mercantile Exchange.