There’s a drop in the price at the pump in Jacksonville, and it may not be the last you see for the rest of this year.
Senior Petroleum Analyst Greg Laskoski says a few factors have to fall in place, but it’s within reach.
“That’s a big wish to hope for, to see consistent decline, but it’s certainly not out of the question. If we see some relative calm return to the Middle East and if we can avoid a conflict between Israel and Iran then yes, I think we can see prices move consistently lower through the rest of the year,” he says.
We’re seeing the beginning of that trend right now in Jacksonville. Gas prices are averaging $3.62 in the area, down about three cents from last week. Laskoski says that price is still more than 30 cents higher than this time last year, but we are beginning to see an improvement.
He says more refineries are hitting their capacity, and with gas production increasing the consumer will benefit.