Gas Prices Still Falling

By: The News Service of Florida
By: The News Service of Florida

December 20, 2011 -

Gas prices continue to fall with Florida motorists paying a few pennies per gallon less this week than last week and more than a dime less than they were paying at the pump a month ago, according to auto club AAA. The average Florida price per gallon of $3.26 is down 4 cents from last week, and down from $3.38 a gallon a month ago. It's still higher than it was a year ago, however, when motorists were paying $2.99 a gallon. The national average price for a gallon of regular unleaded is $3.22, a few pennies below Florida's. AAA says prices are expected to continue to drop into the new year. "Europe's lingering debt issues and somber economic outlook continue to put downward pressure on oil prices," AAA said in its weekly report. "The dollar gained momentum after the value of the euro fell curbing the appeal of oil as a commodity. Oil prices also dropped after OPEC agreed to increase output quotas to 30 million barrels a day to meet future expected growth numbers."

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  • by WHO WILL PAY THE 11 BILLION FINE? CHEVRON OR YOU AND I? Location: usa on Dec 20, 2011 at 04:13 PM
    brazil has a 11 billion dollar lawsuit on chevron and transocean for aoil spill. and brazil has suspended all drilling by both of them.and told them to get out of brazil.
  • by Anonymous on Dec 20, 2011 at 01:35 PM
    If we were still being informed by the normal "supply & demand" story gasoline should not be going down with the reduction in the unemployment percentage and more people going to work even if they are temporary holiday season jobs. Any time thousands of people nationally get jobs and go to work the price jumps 3-5 cents in a day. The only reason it must be staying down in the financial problems in Europe must be keep the dollar charge for a barrel of crude at a lower - affordable level. Don`t think the oil shieks and oil companies want to have the price low as a Christmas present to the masses - they are not that generous. Enjoy it while you can, it won`t stay that way.
  • by Gman Location: Tally on Dec 20, 2011 at 01:26 PM
    When will they drop here?
  • by Blessed on Dec 20, 2011 at 12:41 PM
    God Bless You Barak Obama.
    • reply
      by really on Dec 20, 2011 at 04:15 PM in reply to Blessed
      when he went into office there were 27 million on food stamps today there are 48 million.
      • reply
        by Sarcasm Alert on Dec 20, 2011 at 06:01 PM in reply to really
        That means he has helped feed 21 million more people! Isn't he just wonderful!
  • by Betsy Location: Moultrie, Ga on Dec 20, 2011 at 11:23 AM
    In Moultrie, gas prices are $3.16/gallon or lower. I'm so glad gas prices are going down, and I hope they will go down to under $3/gallon. At least one place in Moultrie is higher than what some other places charge.
    • reply
      by Anonymous on Dec 20, 2011 at 12:25 PM in reply to Betsy
      Wait until April, and it will be back up.
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