AAA: Gas Prices Decline as Oil Stabilizes

| August 11, 2014

Gas-Prices-GraphicTAMPA, FL – Gas prices have fallen more than 40 consecutive days in the southeastern United States. Since late June, the average price for a gallon of regular unleaded dropped 26 cents in Florida, 25 cents in Georgia, and 24 cents in Tennessee.

The price of oil made minimal declines Friday, falling only 23 cents last week, compared to the $4.21 discount the week before. The price for a barrel of WTI settled at $97.65 on the NYMEX. “Prices are falling at about a half cent a day and aren’t showing signs of slowing down,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “It’s unusual to see prices steadily decline in the late summer months, but increases in domestic oil supply are helping to offset fluctuations in demand during the busy summer travel season.”

 

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago
National $3.478 $3.477 $3.504 $3.639 $3.563
Florida $3.373 $3.377 $3.414 $3.580 $3.536
Georgia $3.356 $3.359 $3.396 $3.542 $3.463
Tennessee $3.240 $3.244 $3.271 $3.422 $3.348

Source: AAA

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2 Comments on "AAA: Gas Prices Decline as Oil Stabilizes"

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  1. Papi says:

    (19) day for the Labor Day weekend gas hike!!!

  2. What says:

    What, and gas just went up!!! Everytime I read an article about gas going down it increases…