PALM BAY, Florida – Gas prices in Brevard County are tumbling in areas of Palm Bay, West Melbourne, and Melbourne after they reached 3-year highs following Hurricanes Harvey and Irma.
Supply and demand levels are returning to normal, and prices may be under $2 a gallon by Christmas.
“If it weren’t for the recent hurricanes, gas prices would be about 25 cents lower,” said Mark Jenkins, spokesman, AAA – The Auto Club Group.
“Since gas prices decline much slower than they rise, it could take a few weeks before they reach equilibrium. Gas prices in the southeastern U.S. should drop another 5-10 cents this week.”
The average price in Florida has declined for the last 10 consecutive days for a total of 5 cents, since peaking at $2.73 on September 14.
Gas prices in Florida averaged $2.67 last Sunday.
We drove around areas of Palm Bay, West Melbourne, and Melbourne to see who was selling the cheapest gas in Brevard County.
In Palm Bay, the cheapest prices on Wednesday were at the Chevron Gas Station at 2190 Port Malabar Blvd, and Marathon located at 2140 Port Malabar Blvd.
In West Melbourne, gas prices were low at Murphy USA (Walmart/Sams) on 825 Palm Bay Road, and RaceTrac on 745 Palm Bay Road.
In Melbourne, gas was cheapest at BJ’s located at 1155 Palm Bay Road, Speedway at 3500 S. Babcock Street, and Sunoco at 4000 S. Babcock Street.
The prices will certainly decline further in the coming weeks.
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