AAA: Florida gas prices down 7 cents since last week

A gasoline station attendant pumps diesel into a car at a filling station on March 23, 2010 in Berlin, Germany. German President Horst Koehler said on Sunday higher petrol prices is the surest means to convince traditionally car-loving Germans to see
TAMPA, Fla. - Florida gas prices dropped 7 cents last week.
On Sunday, the state average was $3.50, reports AAA. That's eight cents lower than this year's high and just three cents higher than a year ago at this time.
The decrease comes after a sharp drop in the oil and gasoline futures markets.
"Oil prices are 10% lower than two weeks ago. Meanwhile, wholesale gasoline prices have fallen almost 40 cents," Mark Jenkins, AAA spokesperson. "Unless the market suddenly rebounds, drivers could see gas prices drop another 5-15 cents this week. Additionally, there's speculation that the strong January jobs report could cause the Federal Reserve to pass additional interest rate hikes, which could potentially lower fuel demand."
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Regionally, the most expensive market in Florida is the West Palm Beach-Boca Raton area with the average gas price at $3.70. The least expensive is Crestview-Fort Walton Beach, with an average of $3.25.