Florida's average gasoline price fell to $3.80 per gallon Sunday, its lowest level in four months, after dropping 7 cents over the previous week, according to AAA. Prices declined further to $3.79 Monday, extending a downward trend that has brought significant relief to drivers after months of elevated fuel costs.

The statewide average was down from $3.87 a week earlier and $4.18 a month ago. Florida's Sunday average also stood 22 cents below the national average of $4.02.

AAA spokesman Mark Jenkins said drivers are beginning to see meaningful savings, with additional declines possible as lower wholesale prices move through the fuel supply chain.

U.S. crude oil settled at $90.83 per barrel Friday, an 11% decline from its Oct. 20 price of $101.79. Gasoline futures also fell from $3.11 per gallon on Oct. 19 to $2.78 Friday. The reductions reflect improving global supplies, weaker demand and easing concerns about potential disruptions amid the Iran war.

Florida's average gasoline price has dropped 62 cents since reaching $4.42 in late September. It is also 72 cents below the state's 2026 peak of $4.52, recorded May 7.

Prices vary across the state. Panama City had the lowest average at $3.50 per gallon, followed by Pensacola at $3.52 and Crestview-Fort Walton Beach at $3.55. West Palm Beach-Boca Raton recorded the highest average at $3.97, followed by Gainesville at $3.92 and Fort Lauderdale at $3.86.

AAA cautioned that regional supply conditions and distribution costs could influence how quickly lower wholesale prices reach consumers. Jenkins said pump prices could continue falling if market conditions remain favorable.

The decline comes after Florida Republicans retained the governor's office and a U.S. Senate seat in the midterm elections, despite Democratic gains elsewhere across the country. Florida remained a Republican stronghold even as Democrats captured majorities in both chambers of Congress.