AAA says Gas Prices Rise for the 1st Time in a Month

21% of gas stations are selling gasoline below $2.00 a gallon

Tampa, FL – After falling for 37 consecutive days for total savings of 39 cents per gallon, the national average price for regular unleaded gasoline moved slightly higher reaching today’s price of $2.29 per gallon.

Retail averages are up one-tenth of a cent, but on the whole remain discounted with drivers paying the lowest average for this same date since 2004.

“Motorists saw gas prices inch-up last week, but this trend should not continue long,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Prices rose because gasoline demand remains elevated at a time when supplies are reduced as refineries enter their routine maintenance season. Price declines could stall over the next month, but should continue creeping lower through the end of the year.”

Consumers are saving $1.05 per gallon compared to last year, largely due to the relatively low price of crude. The price of oil averaged $45.52 a barrel last week, which will help keep downward pressure on the price of gasoline.

Two dollar a gallon pump prices are becoming more prevalent at gas stations across the country. Twenty-one percent of gas stations nationwide are selling gasoline lower than $2.00 a gallon. Twenty-two percent of Florida gas stations are selling gasoline below $2.00 a gallon. Seventy-eight percent of Tennessee gas stations are selling gasoline below $2.00 a gallon. Only 9 percent of Georgia gas stations are selling gasoline below $2.00 a gallon. 80 percent of stations have prices between $2.00-$2.25.

Regional Prices

• National: The average price of $2.29 is the same price as a week ago, 24 cents cheaper than a month ago, and $1.05 lower than this time last year.
• Florida: The average price of $2.14 is one cent lower than a week ago, 20 cents cheaper than a month ago, and $1.15 lower than this time last year.
• Georgia: The average price of $2.15 is 2 cents higher than a week ago, 20 cents cheaper than a month ago, and $1.15 lower than this time last year.
• Tennessee: The average price of $1.995 is the same as last week, 20 cents cheaper than a month ago, and $1.14 lower than this time last year.

Current and Past Price Averages

Regular Unleaded Gasoline

AAA updates fuel price averages daily at http://www.fuelgaugereport.aaa.com/. Every day up to 120,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, travel, insurance and financial services offerings to over 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.

ACG belongs to the national AAA federation with more than 55 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.