Tampa, FL – Plunging oil prices continue to place downward pressure on prices at the pump. Nationally, gas prices have fallen 7 cents from a week ago, and 14 cents from a month ago. Should oil prices remain at or below their current rate, the national average could dip below $2.00 per gallon by the end of the year.
In the southeastern U.S. the price at the pump has fallen 4 cents in the past week, and more than 20 cents in the past month.
4th quarter Gas prices could average $2.11
Tampa, FL – The price of oil is on its longest weekly slump of the year, after reaching the lowest closing price since the ‘Great Recession’. This continues to put downward pressure on the price of gasoline, which dropped another 2 cents last week in the southeastern U.S.
“There continues to be a surplus amount of oil in the global market which is expected to keep prices of both oil and gasoline on the low end through the rest of this year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gas prices did not fall as fast last week as they have in recent weeks, but that is to be expected because we are still in the middle of the peak driving season. Gas prices should fall even faster in the fall when school is back in session.”
Oil prices fall below $44.00 for the first time since mid-March; pump price decline to continue
Tampa, FL – The oil price plunge continues to place downward pressure on prices at the pump. Gas prices in the southeastern U.S. have fallen 5-6 cents in the past week, and more than 20 cents in the past month.
The average price of gasoline has declined 21 cents during a period of 33 consecutive days in Florida, and 32 days in both Georgia and Tennessee.
Average U.S. Gas Prices to Possibly Drop Another 15 Cents in August
Tampa, FL – Gas prices are falling at the fastest rate since January due to cheaper crude oil costs and the resolution of some refinery issues in the western United States. The national average price of gas has dropped for 18 days in row for a total of 12 cents per gallon. Today’s national average price of gas is $2.65 per gallon, which is the lowest average for this time of year since 2009.
“It feels good to see gas prices drop during the middle of the busy summer driving season,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Millions of people are hitting the roads right now and these gas savings should make their trips more affordable.”
Oil prices fall below $50.00 for the first time in nearly four months
Tampa, FL – The national average price for gasoline dipped 4 cents last week, and prices in the southeast fell even further. Pump prices in Florida, Georgia and Tennessee are down 5 cents compared to last week, after falling for 18 consecutive days.
“Motorists are finally getting some consistent relief at the pump thanks to declining oil prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “By this fall, prices could creep closer to levels seen at the beginning of this year, possibly even below $2.00 a gallon in some markets, as long as oil remains low.”
Knoxville, TN – Older adults who have stopped driving are almost two times more likely to suffer from depression and nearly five times as likely to enter a long-term care facility than those who remain behind the wheel, according to a new report released by the AAA Foundation for Traffic Safety and Columbia University.
The study examined older adults who have permanently given up driving and the impact it has on their health and mental well-being.
Tampa, FL – Gas prices dipped last week after the price of oil fell to its lowest level in 3 months. West Texas Intermediate settled below $51.00 a barrel for the first time since April and gas prices are responding in kind.
“The price of oil continues to be the main driver of gas prices, said Mark Jenkins, spokesman, AAA – The Auto Club Group. “As oil gets cheaper, it becomes less expensive to produce gasoline, and those savings are reflected in prices at the pump.”
Tampa, FL – Motorists should begin to notice lower gasoline prices in the coming weeks thanks to declining oil prices. Last week, a barrel of oil hit its lowest price since April, at a time when gasoline prices were about 20 cents cheaper.
“The decline at the pump is unlikely to be as dramatic as a 20 cent discount, but a few cents here and there is not out of the question,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Usually gas prices respond more rapidly to rising oil prices than when oil prices fall. Prices at the pump aren’t as quick to fall when oil prices do because retailers first need to sell the gasoline in their tanks, which was purchased when gasoline was more expensive. Regardless, lower oil prices means it costs less to produce gasoline, which is good news for motorists.”
Georgia Gasoline was cheapest in Five years
Tampa, FL – AAA forecast the most auto travelers for the Independence Day holiday on record, and motorists in Florida and Tennessee found the cheapest gas prices for the holiday since 2009, while gasoline in Georgia was the lowest since 2010.
“Low gas prices were a major driver in the rise in auto travelers this year,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “However, Americans have grown cautious about rising gas prices during recent months and worry they would be again be paying $3.00 a gallon soon. Fortunately, gas prices peaked last month and have been on a slow and relatively steady downturn during the past 20 days, which is even more incentive for Americans to take a road trip this summer.”
AAA and Bud Light ask Motorists to Celebrate Independence Day Safely by selecting a Designated Driver
Tow to Go service available July 3rd – 5th
Tampa, FL – Impaired drivers traditionally make Independence Day weekend one of the most dangerous times to be on the road.
According to the National Highway Traffic Safety Administration (NHTSA), 512 people were killed in motor vehicle traffic crashes over the 2013 holiday weekend. 39 percent of those fatalities involved at least one impaired driver.
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