Gasoline prices typically spike during the holidays, but this year people on the Treasure and Space coasts can expect to see the prices drop.

Mark Jenkins, a AAA spokesman, said the average price for gasoline per gallon throughout Florida is $2.27, with the possibility of gas prices going under $2 by the end of the year.

Prices haven't been that low in Florida since January 2016.

"There are some gas stations in the Tampa Bay area and in Jacksonville with prices below $2 a gallon," Jenkins said. "There is kind of a downward trend with prices at the pump at the moment, largely due to a decline in the price of oil."

Jenkins said the declining price of oil is because of an increase in production of oil in the U.S. market and a decreased demand for it.

"Just in the past 24 hours, oil prices hit a new low of about $46 (a barrel), and dropped down to $45, but they're back up a few dollars," he said.

It's cheaper to produce gasoline now, and because it's cheaper to produce, it's cheaper to sell, he said.

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Jenkins said if Florida's average price for gasoline were to drop below $2 a gallon, oil prices would have to drop to $35 a barrel, which was the price per barrel in January 2016.

The average price per gallon of gasoline varies on the Space and Treasure coasts, with prices increasing as you head south:

Brevard County: $2.18

Indian River County: $2.26

St. Lucie County: $2.29

Martin County: $2.35

Across the country, the lowest gasoline prices per gallon can be found in Missouri, South Carolina and Oklahoma with prices being $1.96, $2.03 and $2.04 respectively.

"I think that right now, the arrow is pointing down for gas prices through the rest of the year unless oil prices take a sudden upswing," Jenkins said.