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HomeNewsAAA reports Gas Prices fall another 6 Cents

AAA reports Gas Prices fall another 6 Cents

Oil prices fall below $44.00 for the first time since mid-March; pump price decline to continue

AAATampa, 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.

2015 August National Average Gas Price Comparison

“Gas prices are falling with very little resistance,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Oil prices are forecast to remain at this level through the rest of the year. If that happens, and there are no supply issues, markets could see $2.00 gasoline again this fall.

On Friday, the price of WTI oil closed at $43.87 – the lowest daily closing price since March 16th when WTI reached a six-year low of $43.46. The weekly average was $44.89, the lowest since March 20th.

Oil prices were not even this low when gasoline bottomed out in January. The price of oil averaged $45.72 the week gas prices hit their 2015 low from January 26th-31st.

During that week, the lowest average gas price was $2.07 in Florida, $1.99 in Georgia, and $1.88 in Tennessee.

2015 August Historical Oil Prices

State Breakdown

Florida: The current average price of $2.45 is the lowest since March 26th; 6 cents lower than a week ago, 22 cents less than a month ago, and 93 cents cheaper than a year ago. Gas prices have fallen 51 of the last 52 days.

Georgia: The current average price of $2.45 is the lowest since April 29th; 5 cents lower than a week ago, 21 cents less than a month ago, and 91 cents cheaper than a year ago. Gas prices have fallen 49 of the last 55 days.

Tennessee: The current average price of $2.32 is the lowest since April 27th; 5 cents lower than a week ago, 20 cents less than a month ago, and 92 cents cheaper than a year ago. Gas prices have fallen 50 of the last 53 days.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago
National $2.596 $2.605 $2.652 $2.756 $3.477
Florida $2.454 $2.463 $2.512 $2.668 $3.377
Georgia $2.454 $2.459 $2.499 $2.664 $3.359
Tennessee $2.318 $2.324 $2.369 $2.520 $3.244
Click here to view current gasoline price averages

 

AAA updates fuel price averages daily at 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 approximately 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.

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