Monday, August 05, 2013

The Ups And Downs Of Gas Prices

Average retail gasoline prices in Florida have fallen 2.3 cents per gallon in the past week, averaging $3.56/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 1 cent per gallon in the last week to $3.63/gallon.

Including the change in gas prices in Florida during the past week, prices yesterday were 2.6 cents per gallon higher than the same day one year ago and are 15.1 cents per gallon higher than a month ago. The national average has increased 14.4 cents per gallon during the last month and stands 3.3 cents per gallon higher than this day one year ago.

"Over the last week, the national average has continued to see a ever so slow downward trend," said Senior Petroleum Analyst Patrick DeHaan. "But the downward trend got a shot in the arm last weekend, as we saw the biggest daily drop since April; from July 25 to July 26, the average dropped 1.5cts. Further illustrating the downward trend 7% of the country was over $4.00/gallon last week," DeHaan said.

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