Fuel price brief week ending Dec. 20
Although crude oil on the New York Mercantile Exchange closed last week below $70 per barrel for the first time since October, a major winter storm that pummeled the east coast pushed crude oil back up to the mid-$70s range.
According to the U.S. Department of Energy, prices increased all week as frigid temperatures blanketed the midwest and northeast. DOE reported that the country’s oil, natural gas and heating oil supplies have all dropped more than expected, however, retail gasoline prices have yet to show a corresponding increase.
The national average price of unleaded regular gasoline is $2.59 per gallon and that reflects a 1 cent per gallon decrease in the past week. Florida’s average price today, $2.59 per gallon, decreased by 3 cents per gallon in the past week; Georgia’s average price of $2.44 decreased by 5 cents in the past week and Tennessee’s average price today of $2.45 decreased by 3 cents per gallon during the same period.
Current and past price averages:
National: Current $2.590 – Week ago $2.609 – Month ago $2.642 – Year ago $1.671
Florida: Current $2.635 – Week ago $2.666 – Month ago $2.681 – Year ago $1.707
Source: AAA Auto Club South