How High Will Holiday Gas Prices Reach?

Analyst Predicts Declining Price - But Will He Be Correct?

Average retail gasoline prices in Florida have risen 1.3 cents per gallon in the past week, averaging $3.44/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 $3.25/gallon.

Including the change in gas prices in Florida during the past week, prices yesterday were 9.4 cents per gallon higher than the same day one year ago and are 21.7 cents per gallon higher than a month ago. The national average has decreased 1.3 cents per gallon during the last month and stands 14.2 cents per gallon lower than this day one year ago.

How Accurate Will Analyst Prediction Be This Holiday Season?
"With the Thanksgiving behind us it appears that a nominal decline in retail gasoline prices will ring in the first week of December for most parts of the country," said Gregg Laskoski. "With the government's report of healthy fuel inventories and U.S. refinery output reaching its highest level since early October, the savings at the pump is coming just in time," Laskoski added.