Florida gasoline prices are dropping after a big drop in crude oil costs, as the price per barrel fell last week to its lowest level since June 2023.

The cost of oil has dropped to prices below 70 dollars in the international market as Libya agrees to revive its export of crude oil.

The plunge in oil prices this week is calling OPEC+’s next move into question. The OPEC cartel and its allies were planning to start increasing oil supply from October, starting with 180,000 barrels a day and gradually stepping up further.