Thanksgiving week ends with slight drop in retail gasoline prices
Concerns that Dubai banks might default on $60 billion in debt, led to the Dow Jones Industrial average giving up 155 points Friday. The Dow fell as much as 233 points during a broad retreat and dollar gained against most other major currencies while commodities tumbled. NYMEX crude oil ended the week at $76.05 per barrel.
Looking ahead, investors are expected to either shrug off the financial crisis in the Middle East or seek protection in more conservative investments.
The national average price of unleaded regular gasoline today is $2.62 per gallon, a decrease of 2 cents from one week ago. The average price in Florida, Georgia and Tennessee are $2.67, $2.50 and $2.49 respectively and each state’s average is essentially even with last week.
Current and past price averages:
National: Current $2.629 – Week ago $2.641 – Month ago $2.695 – Year ago $1.827
Florida: Current $2.676 – Week ago $2.679 – Month ago $2.731 – Year ago $1.886
Source: AAA Auto Club South