Posted: Monday, December 23rd 2013 at 5:37am
Gas prices stable for start of holiday travel season
TAMPA, Fla. – So far, retail gas prices have remained stable and are right around the same price they were this time last year. In 2012, the nationwide average was $3.23 for the end of year holiday season. Currently, the national average is one cent more, at $3.24, for a gallon of regular unleaded gasoline.
Although pump prices didn’t fluctuate much last week, oil prices did. A barrel of oil rose to $99.32 after reports showed larger than expected economic growth in the third quarter. We’re approaching the New Year rally, which means motorists could see gas prices pop in the first few weeks of 2014.
"Gas prices will likely remain relatively stable until the new year,” said Jessica Brady, AAA spokesperson, The Auto Club Group. "The stability may not last long. Oil prices recently jumped on a growing U.S. economy and it’s likely pump prices will rise after the first of the year on optimism fuel demand will increase in 2014.”
The national average for a gallon of regular, unleaded gasoline is $3.24, 1-cent more than last week. Florida's average of $3.36 fell 3 cents from last week. Georgia’s average of $3.18 fell a cent, while Tennessee's average of $3.06 dropped 2 cents from last week.
Link: AAA Fuel Gauge Report
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