Gas prices dip, but experts see rise coming
Published: Monday, July 29, 2013 at 11:36 a.m.
Last Modified: Monday, July 29, 2013 at 11:36 a.m.
Gas price averages dipped slightly from last week across the Southeast, but experts expect that to reverse.
Current and past average prices for a gallon of gasoline
Week earlier: $3.671
Month earlier: $3.501
Year earlier: $3.485
Week earlier: $3.623
Month earlier: $3.461
Year earlier: $3.424
“Although gas prices in the Southeast fell a bit, I wouldn't get too excited. There is still a strong likelihood pump prices will steadily increase over the next few weeks, even if there are slight price dips from time to time," said Jessica Brady, AAA spokeswoman, The Auto Club Group.
The cost for a barrel of oil closed last Friday at $104.70 on the NYMEX — $3.35 less than the week prior.
The national average price of regular unleaded gasoline on Monday was $3.63, 4 cents less than last week. Florida's average of $3.60 dropped 2 cents and Georgia's average of $3.50 decreased 4 cents from last week.
In Gainesville, the average price on Monday was $3.67, up 1 cent from last week, according to the website GasBuddy.com. Prices ranged from $3.56 to $3.86.