Tampa, FL – Gas prices leveled off over the weekend, after declining for more than three weeks.
On Sunday, state averages rose by fractions of a penny in Florida and Tennessee, after declining 39 and 22 consecutive days respectively. Conversely, the Georgia average declined for the 20th consecutive day on Sunday, but by very small factions of a cent.
“Oil and wholesale gasoline prices rose last week, causing the dip in gas prices to stall,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “There’s upward pressure on fuel prices right now, based on optimism that OPEC will agree on production cuts, in effort to curb the global oversupply that left prices low. The outcome of that November 30th meeting could cause swings of $10.00 in oil and 25 cents in gasoline, by the end of the year.”
During the past week, crude oil averaged $47.49, $2.23 more than the week before. Wholesale gasoline prices shifted 10 cents higher. Retail gas prices declined 3 cents in Georgia, and 2 cents in Florida and Tennessee.
Thanksgiving Day gasoline prices averaged $2.13 nationally, $2.10 in Florida, $2.09 in Georgia, and $1.94 in Tennessee. Prices were the second lowest for Thanksgiving Day since 2008. Compared to last year’s holiday, gas prices were up 8 cents nationally, 2 cents in Florida, 10 cents in Georgia, and 6 cents in Tennessee.
Current and Past Price Averages
Regular Unleaded Gasoline
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AAA updates fuel price averages daily at www.GasPrices.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 56 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.