Florida gas prices fall 40 cents since October, reaching lowest level since July

Florida drivers are seeing some relief at the pump as gas prices continue to decline across the state. Seasonal trends and optimism surrounding a possible resolution to the conflict with Iran are among the factors contributing to the drop.What's behind the decline?AAA reported Florida's average gasoline price at $3.79 per gallon Monday, the lowest since July. Prices have fallen about 40 cents since reaching $4.23 on Oct. 15.The statewide average was $3.86 a week earlier. Despite the recent decline, prices remain the highest ever recorded for this time of year.Seasonal declines in gasoline demand and falling oil prices are contributing to the lower prices.Patrick De Haan, head of petroleum analysis at GasBuddy, said the decline is primarily seasonal, with additional pressure on oil prices coming from optimism about a possible agreement with Iran.Lower oil and gasoline futures can also take time to affect what drivers pay at the pump.Gas prices vary significantly across Florida, with som