(PALM BEACH COUNTY, Florida)– Gas prices have been on the decline over the past few weeks, according to the U.S. Energy Information Administration.

In some areas of Palm Beach County, gas station signs were displaying prices as low as $2.99 per gallon.

While the decline in prices has had a positive impact on drivers and business owners in Florida and across the country, the pace of the decline has slowed.

Mark Jenkins, a spokesman for AAA, said that Floridians are still paying 55 cents more a gallon than they were this time last year.

Jenkins wrote in a weekly briefing, “Gas prices are still falling, but not quite as fast as they did in recent weeks,”

He went on to say, “The state average was previously declining at a rate of 15-17 cents per week. Last week, however, the state average dropped 11 cents. This could be a sign that pump prices could soon begin to level out.”

The average price for a gallon of regular gas in Palm Beach County was $3.73 on Tuesday according to AAA.