Monday, July 02, 2012

How's Your Gas Price?

Prices Still Dropping. Hendry Still Higher Than Average

LABELLE, FL. -- Average retail gasoline prices in Florida have fallen 6.4 cents per gallon in the past week, averaging $3.16/g yesterday. This compares with the national average that has fallen 6.6 cents per gallon in the last week to $3.37/g, according to gasoline price website

Lowest price in the LaBelle area was $3.29 at Circle K on State Road 29. Most local stations were at $3.35. Drive to Lee county for $3.20 or lower prices.

Including the change in gas prices in Florida during the past week, prices yesterday were 31.5 cents per gallon lower than the same day one year ago and are 24.7 cents per gallon lower than a month ago. The national average has decreased 24.0 cents per gallon during the last month and stands 19.8 cents per gallon lower than this day one year ago.

"Oil prices rose significantly last Friday, reversing a downward trend," said Senior Petroleum Analyst Patrick DeHaan. "It was the largest single day jump in recent memory. In some areas of the country, specifically the Great Lakes, gas station margins are fast approaching negative territory, meaning price hikes can be expected there. Other regions may see prices stabilize or jump higher as well. One thing is for sure- the yellow brick road won't be leading us to cheaper pumps for much longer, something many Americans will undoubtedly tie to the upcoming holiday," DeHaan said.

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