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Gas prices begin to stabilize in Florida

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Gas prices have been decreasing for the past few months, though according to the latest fuel brief, prices are finally stabilizing. Jessica Brady, AAA spokeswoman, says this stabilization is probably indicative of how much gas will cost in the future.

The unofficial closing date of the summer driving season, Labor Day, means a decrease in fuel demand and prices. Other contributing factors to the stabilization include Gulf of Mexico oil platform and refinery operations resuming after Tropical Storm Isaac and the switch to winter-blend fuel by refineries, which is less costly to produce.

Brady says external factors, including another storm in the Gulf of Mexico or events overseas, could affect this annual trend, but for now prices should continue to stabilize.

Erin Rauch edited this story online.

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