Monday, December 29, 2014

Gas Still Dropping But Not As Low In Some Places

Gas Prices Way Lower This Week But Not Everywhere

LABELLE, FL. -- Average retail gasoline prices in Florida have fallen 7.2 cents per gallon in the past week, averaging $2.38/g yesterday, according to GasBuddy's daily survey of 8,237 gas outlets in Florida. This compares with the national average that has fallen 9.6 cents per gallon in the last week to $2.28/g.

But prices vary wildly in less populated areas like Hendry county, Florida where average prices are $2.68. By driving 30 miles to Fort Myers motorists can save about 30 cents per gallon.

Including the change in gas prices in Florida during the past week, prices yesterday were 98.5 cents per gallon lower than the same day one year ago and are 39.5 cents per gallon lower than a month ago. The national average has decreased 50.6 cents per gallon during the last month and stands 100.5 cents per gallon lower than this day one year ago.

“The dramatic decline at the pump continues to reap significant savings for the motoring public- over $525 million less spent every day versus this past summer, or $375 million less than the same time last year,” said Patrick DeHaan, analyst with GasBuddy. “The slump in crude oil has wavered slightly and we're in the fourth quarter of the game. However, there is still a chance that crude prices resume their slump again, and carry the pump plunge into overtime," DeHaan said.

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