The gas price yo-yo has spun into a downward cycle again after hitting the highest prices of the year earlier this month in Florida.

The state’s average price fell down to $3.74 a gallon after topping out at $3.84 a little more than a week ago. The price has seen nine consecutive days of falling prices, but AAA spokesperson Mark Jenkins warns that the yo-yo might not be done.

“That downward trend may not last long,” he said in a press release. “Last week, gasoline futures prices rebounded to the same levels that led to the 2023-highs we saw earlier this month. Since it can sometimes take a week or two before changes in the futures market hit the retail side, drivers could see gas prices move higher early this week or next.”

Jenkins said refiners still are coping with the extreme temperatures across the South that reduced output because of equipment failures, power outages and severe weather while customer demand in the late summer remains high.

“It’s not uncommon to see gas prices fluctuate during the summer months,” he said. “The long-term forecast is unclear, as hurricane season remains a major wild card. Gas prices could spike if a hurricane threatens refineries along the Texas, Louisiana and Mississippi coastlines.”

Jenkins noted earlier this month that Monday prices can often see a surge from weekend prices if trends favor an increase.

“Tends to happen on Monday afternoon,” he said. “As the saying goes, ‘gas prices rise like a rocket and fall like a feather.’”

But through Sunday at least, the state saw the lowest daily average price since July 31, although it was still 8 cents more than prices seen at this time in 2022.

In Central Florida, Orlando and the Melbourne-Titusville market averages were at $3.70 a gallon while Daytona’s and Lakeland’s were at $3.73.

The most expensive prices in the state are in the West Palm Beach-Boca Raton market with an average of $3.91 a gallon, Naples at $3.88 and Gainesville at $3.83.

The lowest prices are in the Panhandle markets of Crestview-Fort Walton Beach at $3.54, Panama City at $3.57 and Pensacola at $3.57.

The national average is at $3.84 per gallon.