Monday, October 14, 2013

Gas Prices Steady This Week

Average retail gasoline prices in Florida have fallen 0.8 cents per gallon in the past week, averaging $3.27/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 1.4 cents per gallon in the last week to $3.37/gallon.

In Hendry And Glades county, prices as usual were about 15 cents higher than Florida averages.

Including the change in gas prices in Florida during the past week, prices yesterday were 42.6 cents per gallon lower than the same day one year ago and are 18.5 cents per gallon lower than a month ago. The national average has decreased 17.9 cents per gallon during the last month and stands 40.7 cents per gallon lower than this day one year ago.

"The national average has seen the pace of decline slow quite a bit in the last few days," said Analyst Patrick DeHaan. "While gasoline prices continue to drop at a slow pace, they remain a whopping 40-cents per gallon under prices a year ago. With the Fed shutdown continuing, we also will be seeing less data made available this week as it is the first week that we're not expecting the government to release a weekly report on changes in supply and demand, meaning traders will be somewhat blinded when it comes to trading futures, which could add to volatility," DeHaan said.

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