Monday, November 05, 2012

Florida Gas Priced Lower This Week

LABELLE, FL. -- Average retail gasoline prices in Florida have fallen 8.3 cents per gallon in the past week, averaging $3.41/g yesterday. This compares with the national average that has fallen 5.6 cents per gallon in the last week to $3.51/g, according to gasoline price website

Prices in Hendry and Glades county were all over the board last week, but still much higher the Florida average prices. On Sunday prices ranged from $3.65 to $3.79 in the LaBelle area. But motorists could still save loft of money money on a fillup by traveling to Lehigh Acres in Lee county for gas priced at $3.49.

Including the change in gas prices in Florida during the past week, average Florida prices yesterday were 3.1 cents per gallon higher than the same day one year ago and are 25.9 cents per gallon lower than a month ago. The national average has decreased 28.4 cents per gallon during the last month and stands 7.0 cents per gallon higher than this day one year ago.

"Even with Hurricane Sandy causing havoc on refineries and infrastructure in the Northeast, gasoline prices nationally have continued to trend lower," said Senior Petroleum Analyst Patrick DeHaan. "It goes to show how much more significant the Gulf Coast is to this nation's energy backbone when such a massive storm causes no major rise in the national average. The good news is that average prices will likely continue to decline, perhaps to $3.35/gal nationally by Thanksgiving.

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