Monday, August 29, 2011

Gas Prices In Florida Steady

Average retail gasoline prices in Florida have not moved  in the past week, averaging $3.54/g yesterday. This compares with the national average that has increased 2.8 cents per gallon in the last week to $3.61/g, according to gasoline price website

In Hendry, Glades, and Collier county prices remain about 15 cent higher per gallon than Florida average prices. Weekend prices were about $3.69. Lee county continues to have the best price bargains in SW Florida.

Including the change in gas prices in Florida during the past week, prices yesterday were 96.4 cents per gallon higher than the same day one year ago and are 15.8 cents per gallon lower than a month ago. The national average has decreased 9.1 cents per gallon during the last month and stands 91.6 cents per gallon higher than this day one year ago.

"Retail gasoline prices finished last week quite strong in some areas on concern surrounding Hurricane Irene," said Patrick DeHaan, Senior Petroleum Analyst. "The concern surrounding refinery production on the East Coast helped boost gasoline prices outside that area as well. 

The good news for motorists is that damage to refineries was likely minimal and gasoline production will resume soon. However, with Labor Day weekend fast approaching and these refineries taking days to resume production we still may see retail prices gradually climb during this week," DeHaan adds.

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