Fuel price brief
Crude oil steadily declined last week and is forecast to continue the decline throughout the end of the month. Gasoline inventories rose more than three million barrels last week, while U.S. fuel consumption dropped 1.8 percent. Crude oil on the New York Mercantile Exchange closed Friday at $74.54 per barrel; the lowest since Dec. 22.
The U.S. average price of unleaded regular gasoline is now $2.71 per gallon, a three cent decrease from last week. The average price in Florida is $2.76, Georgia is $2.62 which dropped four cents from last week’s prices, while Tenneessee’s average price of $2.62 decreased three cents from last week.
Current and past averages:
National: Current $2.713 – Week ago $2.749 – Month ago $2.590 – Year ago $1.847
FLorida: $2.768 – Week ago $2.802 – Month ago $2.625 – Year ago $1.903
Source: AAA Auto Club South
Fuel price brief
Demand for heating oil continues to increase amid forecasts for below-normal temperatures in the U.S. through mid-January and pushed crude oil to its highest price in six weeks. Crude oil on the New York Mercantile Exchange closed the holiday-shortened trading week at $79.36.
The national average price of unleaded regular gasoline is $2.66 per gallon and that reflects a six-cent per gallon increase in the past week. Florida’s average price of $2.53 per gallon, increased by five-cents per gallon in the past week, Georgia’s average price of $2.53 increased by eight-cents in the past week and Tennessee’s average price today of $2.52 increased seven-cents.
Current and past price averages:
National: Current $2.660 – Week ago $2.600 – Month ago $2.637 – Year ago $1.642
Florida: Current $2.683 – Week ago $2.629 – Month ago $2.691 – Year ago $1.660
Source: AAA Auto Club South