Gas prices sliding at a slower pace
Published: Monday, March 18, 2013 at 11:35 a.m.
Last Modified: Monday, March 18, 2013 at 11:35 a.m.
The price of a gallon of gas dropped again last week and the rate of decrease is expected to slow in the weeks ahead. Oil prices also rose again as economic news fueled market optimism and the value of the dollar slid against the euro.
Average price for a gallon of regular gasoline
A week earlier: $3.696
A month earlier: $3.685
A week earlier: $3.767
A month earlier: $3.747
“Gas prices slid again this week, but the rate of decrease is expected to slow as we approach spring, a time when demand starts to pick up. If prices do fall this week, the decrease will likely be minimal, otherwise prices should remain stable and below year-ago levels,” said Jessica Brady, AAA spokeswoman.
Prices in Gainesville ranged from $3.62 to $3.99, with an average of $3.81, according to the website GasBuddy.com. Last week's average price in Gainesville was $3.85.
The national average price of regular unleaded gasoline is $3.69, 1 cent less than last week. Florida's average of $3.73 fell 4 cents and Georgia's average of $3.59 fell 5 cents from last week.
A barrel of oil closed Friday at $93.45 on the New York Mercantile Exchange — $1.50 more than the week prior.