Fuel price brief
The price of crude oil dipped below $84 last week after the U.S. Securities and Exchange Commission (SEC) announced they will sue Goldman Sachs Group Inc. for fraud tied to subprime mortgages.
The news created a wave of concern that the government will keep a tight eye on Wall Street thus eliminating all gains for the week and caused the price of crude oil to close Friday at $83.24 a barrel on the New York Mercantile Exchange.
The national average price of unleaded regular gasoline is $2,86 per gallon, the same average price as last week. Florida’s average price of $2.87 and Georgia’s price of $2.74, both show a decrease of one-cent. Tennessee’s average price of $2.73 saw a two-cent decrease from last week’s price, respectively.
Current and past price averages:
National:
Current $2.865 Week ago $2.863 Month ago $2.811 Year ago $2.055
Florida:
Current $2.875 Week ago $2.884 Month ago $2.849 Year ago $2.102
Source: AAA Auto Club South