Gas prices staying flat – for now
Published: Monday, December 3, 2012 at 1:58 p.m.
Last Modified: Monday, December 3, 2012 at 1:58 p.m.
Gas prices continue to be flat at the start of December and experts say it's likely prices will remain relatively flat until the New Year.
"Although gas prices are forecast to remain relatively stable throughout the month, if a plan is announced to resolve the nation's debt issues, we could see gas prices inch back up,” said Jessica Brady, AAA spokeswoman.
“Gas prices are still about 10 cents higher than year-ago levels,'' she said.
The national average price of regular unleaded gasoline is $3.39, 4 cents less than last week. Florida's average of $3.37 dropped 2 cents from last week.
In Gainesville, prices ranged from $3.25 to $3.69, with an average of $3.41, according to the website GasBuddy.com.
History has shown once Dec. 31 arrives, the market tends to rally on economic optimism for the New Year, she said. The rally usually causes both oil and gas prices to increase at the start of January.
A barrel of oil closed Friday at $88.91 on the New York Mercantile Exchange—63 cents more than the week prior.
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