Gas prices continue to slide across Southeast
Published: Monday, October 1, 2012 at 10:45 a.m.
Last Modified: Monday, October 1, 2012 at 10:45 a.m.
Motorists will see retail gas prices drop again this week after oil prices traded below $90 a barrel for the first time in almost two months, according to AAA.
Current and past price averages
Regular unleaded gasoline
Although oil prices fell, they quickly rebounded and held steady at $92 a barrel as tensions increased over Iran’s growing potential to build nuclear weapons, the Auto Club Group said in its weekly roundup of fuel prices.
A barrel of oil closed Friday on the New York Mercantile Exchange at $92.19 - 70 cents less than the week prior.
In Gainesville, the price of a gallon of regular gas ranged from $3.61 to $3.93, with an average price of $3.76, according to the website GasBuddy.com.
"The good news is gas prices have dropped again across the Southeast," said Jessica Brady, AAA spokeswoman.
"However, turmoil and violence continue to escalate in the Mideast and create worry of supply disruptions. If issues in the Middle East intensify, motorists could quickly see a rise in pump prices."
The national average price of regular unleaded gasoline is $3.78, 3 cents less than last week. Florida’s average of $3.70 and Georgia’s average price of $3.61 decreased 8 cents from last week.
Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.