TAMPA, Fla. - For 45 consecutive days, gas prices have been moving downward and it looks as if that trend will continue through the Memorial Day holiday.
The latest AAA Fuel Price Brief was released Monday morning.
The national average price for regular retail gasoline fell for 45 consecutive days after peaking at $3.93 on April 6, according to AAA's Historical Fuel Gauge Report. Although AAA forecast 30.7 million Americans will travel via automobile this upcoming holiday, it's very likely more people will travel as a result of falling gas prices. Gas price trends have followed the recent reduction in the price of oil, which is expected to continue throughout the month. The price of a barrel of oil closed Friday on the New York Mercantile Exchange at $91.48, which is $4.65 less than the week prior.
"Motorists will get the much needed relief at the pump just in time for the Memorial Day weekend and will likely lead to an increased number of travelers, helping to jump start the summer travel season," said Jessica Brady, AAA spokeswoman, The Auto Club Group.
The national average price of regular unleaded gasoline is $3.68, 4 cents less than last week. Florida's average of $3.54 is 8 cents less than last week. While both Georgia's average of $3.45 and Tennessee's average of $3.40 decreased 7 cents from last week, respectively.
Monday
October 21st, 2024
5:39AM
