Email: "Fuel price brief for Nov. 8"
*To:		<--TO Email REQUIRED!
*From:		<--FROM Email REQUIRED!

The economic recovery that is expected to push crude oil prices higher in 2010 got detoured last week when the US Department of Labor reported the nation’s unemployment had topped 10 percent for the first time since 1983.

On the New York Mercantile Exchange (NYMEX) crude oil traded above $80 per barrel for much of the week but with Friday’s news it closed at $77.43 per barrel. Oil analysts reason that if people aren’t working, they’re not likely to consume more fuel.

The positive news for consumers is that retail prices have flattened, at least temporarily. The national average price of unleaded regular gasoline has declined by 3 cents per gallon in the past week to $2.66 per gallon; Florida, Georgia and Tennessee average prices today have all declined form one week ago. Florida’s average price of gasoline declined by 1.8 cents and is now at $2.71 per gallon.



Current and past price averages



National: Current $2.669 - Week ago $2.693 - Month ago $2.471 - Year ago $2.282



Florida: Current $2.711 - Week ago $2.729 - Month ago $2.423 - Year ago $2.312



Source: AAA Auto Club South

Subscribe to Pine Island Eagle

Share:

You must first login before you can comment.

Existing Member Login
Not a Member?	Create a Member Account
*Your email address:		<--Email REQUIRED!
*Password:	Forgot Password?	<--Password REQUIRED!
	Remember my email address.