Gas prices sliding as Labor Day driving demand eases


Published: Monday, September 9, 2013 at 2:53 p.m.
Last Modified: Monday, September 9, 2013 at 2:53 p.m.

Gas prices have begun their annual descent following the Labor Day weekend even as tensions over Syria have led to an increase in oil prices.

Facts

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Current , Week Ago, Month Ago,
Year Ago

National: $3.571 $3.594 $3.577 $3.822

Florida: $3.542 $3.560 $3.547
$3.790

Georgia: $3.491 $3.526 $3.475
$3.815

“This is the time of year when gas prices typically drop,” says Mark Jenkins, AAA spokesman for the Auto Club Group. “We've passed the busy summer driving season so demand is down, gasoline supplies are higher than they were a year ago and this is the first time in 11 years that we've finished August without a hurricane.”

In Gainesville, the average price of gas on Monday was $3.60 a gallon, one cent lower than last week, according to the website GasBuddy.com. Prices ranged from a high of $3.79 to a low of $3.46.

Crude oil prices reached a two year high last week, as the cost for a barrel of oil closed last Friday at $110.53 on the NYMEX — $2.88 more than the week prior.

The national average price of regular unleaded gasoline on Monday was $3.57, two cents less than last week. Florida's average of $3.54 decreased two cents from last week, while Georgia's average of $3.49 dropped four cents from last week.

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