Fuel price brief
Retail gasoline prices will remain relatively unchanged for the remainder of the week, since the price of crude oil saw a minimal price reduction of 57 cents from the week prior. Economic news continues to show signs of a slow recovery with weakened demand.
U.S. petroleum stockpiles, consisting of both oil and fuel supplies, increased last week by more than four million barrels according to the Energy Department. Crude oil settled Friday at $74.60 a barrel on the New York Mercantile Exchange.
The national average price of unleaded regular gasoline is $2.68 per gallon, 1 cent more than last week. Florida’s average price of $2.62 remains unchanged.
Current and past price averages:
National: Current $2.684 Week ago $2.678 Month ago $2.779 Year ago $2.586
Florida: Current $2.626 Week ago $2.622 Month ago $2.732 Year ago $2.557
Source: AAA Auto Club South