By Roger Bull Mon, Jul 7, 2014 @ 10:58 am | updated Mon, Jul 7, 2014 @ 11:43 am
Gas prices declined a little in the past week as news broke that the United States is now the biggest oil producer in the world. Driven by the shale boom in Texas and North Dakota, the U.S. passed Saudi Arabia and Russia for the top spot.
A Bank of America report predicted the U.S. will remain No. 1 the rest of the year as production outside the country has been lower than anticipated.
RELATED: List of the lowest gas prices in Jacksonville
Despite conflicts in the Mideast, the price of a barrel of oil dropped last week and the price of gas followed. According to AAA, the average price for a gallon of regular gas dropped 2 cents to $3.65 nationally, 3 cents to $3.59 in Florida and 3 cents to $3.56 in Georgia.
In Jacksonville, the average Monday morning was $3.55. West Palm Beach/Boca Raton had the highest in the state at $3.69 while the lowest was $3.52 in Tampa/St. Petersburg and Orlando.
In Georgia, the lowest average was $3.37 in Albany. The highest was $3.63 in Atlanta.
Roger Bull: (904) 359-4296
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