PALM BAY, Florida – Gas prices in Palm Bay and Melbourne continue to fall, and there’s news that the average price could be below $2 per gallon by Christmas.
As of Tuesday, the average gas prices in Florida dropped to $2.39, down almost 3 cents for the week.
The decline fo the southern states, such as Florida, is due to the inventory builds.
“The decline hits as Gulf Coast refineries utilization capacity surpassed 90 percent for the first time since Hurricane Harvey made landfall in the U.S., indicating that the inventory drop is likely due to exports,” AAA said in a statement.
The overall inventory levels for the region are sitting at a half a million more than this time last year, according to the Energy Information Administration (EIA).
The region is affecting local gas prices in Brevard County, where many residents in Palm Bay and Melbourne are paying less to fill up their tanks.
We rode around several areas checking the gas prices in Brevard County and found some impressive results.
Melbourne has the cheapest gas, followed by Palm Bay. But residents living in Grant and Micco are paying more, upwards to $2.31 per gallon, just because there are no other gas stations.
If you live in Grant or Micco, it’s cheaper to fill up in Melbourne or Sebastian.
Here are the cheapest prices to fill your tank in Palm Bay:
- Exxon, 1540 Palm Bay Road, $2.25 a gallon
- 7-Eleven, 1199 Palm Bay Road, $2.25 a gallon
- Marathon, 894 Palm Bay Road, $2.25 a gallon
The lowest gas prices in Melbourne:
- Sunoco, 739 West New Haven Avenue, $2.22
- BP, 4001 N. Wickham Road, $2.24
- Murphy USA, 3940 N. Wickham Road, $2.24
West Melbourne gas prices:
- Wawa, 3175 W. New Haven Avenue, $2.24
- 7-Eleven, 3055 W. New Haven Avenue, $2.24
- BP, 1115 S. Wickham Road, $2.24
The prices are expected to drop again in about two weeks.
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