Gas prices continue to decline, but demand is high
Published: Monday, June 9, 2014 at 11:27 a.m.
Last Modified: Monday, June 9, 2014 at 11:27 a.m.
Drivers in the Southeast have seen slow and steady declines in gas prices in recent weeks, with the average price for a gallon of regular unleaded dropping 2 cents in Florida, and 3 cents in Georgia.
"Gas prices in the southeast are falling at about the same rate as they did during June 2013," Mark Jenkins, spokesman, AAA - The Auto Club Group, said Monday. "However, the discount at the pump could end any time. The summer months tend to be more volatile with increased demand, geopolitical tensions and the potential for hurricanes."
Last week, the Energy Information Administration reported the highest four-week gasoline demand figures in 35 months. The price of crude oil climbed Friday, following a report that U.S. payrolls exceeded their pre-recession peak. So far, supplies have met the heightened demand.
In Gainesville, the average price of a gallon of regular gas on Monday was $3.70, down 3 cents from last week, according to the website www.GasBuddy.com. In Ocala, the price was $3.58, down 2 cents from last Monday.
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