Monday, December 22, 2014

Gas Prices Lower Except In Hendry

Hendry-Glades Gas Prices Higher

LABELLE, FL. -- Average retail gasoline prices in Florida have fallen 8.7 cents per gallon in the past week, averaging $2.49/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 10.8 cents per gallon in the last week to $2.42/g, according to gasoline price website

But in Hendry county prices are still 20 cents per gallon higher than Florida average prices. The lowest price in the LaBelle area is $2,69 at Circle K. Motorists can save by driving to Lehigh Acres in Lee county where prices are $2.53 at Citgo.

Including the change in gas prices in Florida during the past week, prices yesterday were 87.1 cents per gallon lower than the same day one year ago and are 33.5 cents per gallon lower than a month ago. The national average has decreased 41.1 cents per gallon during the last month and stands 80.4 cents per gallon lower than this day one year ago.

“As Americans take to the road for Christmas travel, they've all been given a gift that keeps on giving: falling gas prices,” said Patrick DeHaan, petroleum analyst. “Americans are saving over $13 million dollars an hour versus gas prices a year ago- adding up to over $315 million every day. Big declines were witnessed in Montana, Michigan, Indiana, Idaho, and Ohio, where average prices fell over 20 cents on average just in the last seven days but everyone has been a winner."

"Just in the last 24 hours, the national average has declined nearly 7c/gallon, one of the largest single day decreases ever. However, I'm worried the decline may soon begin slowing- oil prices have held in the mid-$50s, and the concrete may be setting in. If it does, and oil prices fail to drop below $50/bbl, gas prices likely won't drop more than another 10-20 cents per gallon. Either way, a sneak peak at our soon to be released 2015 gas price forecast reveals a yearly national average far lower than what we saw this year," DeHaan said.

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