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AAA reports Malysian Airline Crash pushes Oil Prices Higher

 

AAATampa, FL – News that a Malaysian Airliner was shot down quickly put upward pressure on the price of oil. West Texas Intermediate closed the week at $103.13 a barrel on the NYMEX on Friday – an increase of $2.30 from last week.

“Oil rose on concerns that violence could spread in response to the crash,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gas prices are currently falling more than a half cent a day, but geopolitical tension could slow the rate of discount at the pump this week.”

The national and Florida average prices for a gallon of regular unleaded are 5 cents cheaper than last week and fell for the 23rd consecutive day on Sunday.

Prices in Georgia and Tennessee fell 4 cents last week. Georgia prices are on a 27-day streak of declines.  Tennessee prices fell for the 25th consecutive day.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago
National $3.578 $3.584 $3.617 $3.679 $3.672
Florida $3.506 $3.514 $3.558 $3.612 $3.624
Georgia $3.479 $3.483 $3.523 $3.596 $3.545
Tennessee $3.358 $3.363 $3.400 $3.466 $3.448

 


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