More gas relief ahead

Published: Friday, January 2, 2009 at 6:01 a.m.
Last Modified: Thursday, January 1, 2009 at 11:11 p.m.

What a difference three months make.

Back in September, when Hurricane Ike left refinery outages in its wake, the average price for regular unleaded gasoline in Florida hovered around $3.90 a gallon.

This week, the average cost per gallon was down to $1.64, according to the AAA Auto Club South. It’s the lowest price since February 2004.

The AAA expects gas prices to continue to drop over the next two months. In a report issued Monday, Geoff Sundstrom, the public relations director for AAA, noted the Israeli airstrikes on the Gaza strip had “rattled” oil traders and pushed the price per barrel back to $40.

But Sundstrom wrote that no “globally significant” oil or energy resources were located in the area of fighting and the demand for oil and gasoline was still weak. He predicted the average cost nationwide could drop to $1.50 a gallon by the end of February.

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