Despite holiday, gas prices continue to fall

The demand for gasoline was the biggest in years for travelers trying to take the road to their Christmas destinations. Yet, where the classic system of supply and demand would've typically meant higher gas prices — they were, instead, lower. In fact, motorists saw the cheapest gasoline for Christmas since 2008, where Florida drivers saw an average price of $2.43. That broke lows set in 2009, … [Read more...]

Looking for $2 gas? It might be coming soon

Savings at the gas pump are averaging $10 for every fill-up, yet it doesn't look like gas prices are going to start heading back up anytime soon. In fact, prices crept closer to $2 a gallon this past week, as domestic oil supply is at a three-decade high, and forecast to keep growing. At the same time, the price of oil fell to its lowest level in five years. "Oil prices are plunging because … [Read more...]

Could gas fall to $2? Not here, but a few places might

It wasn't very long ago that there was hope gas would drop below $3 a gallon by the end of the year. But could the unimaginable be possible instead? Could gas actually drop below $2 a gallon? For 58 consecutive days, gas prices have dropped in Florida. And it's not stopping anytime soon, especially after OPEC decided against cutting oil production to help stabilize gasoline prices. "Drivers … [Read more...]

Finding a deal on gasoline? It’s only going to get cheaper

Since the end of September, the price of gas has plummeted in states across the country, including 41 cents per gallon in Florida alone. And it's not stopping anytime soon. "Gas prices are plunging in-line with the falling price of oil, declining demand, and pumps selling winter blend fuel, which is cheaper to produce," said AAA spokesman Mark Jenkins, in a release. "Gas prices should only … [Read more...]

Low gas prices might push Thanksgiving travel

Thanksgiving is just around the corner, and dropping gas prices at the pump could convince many families to take to the road. Gas in Florida dropped another nickel over the past week, bringing the average cost for a gallon of regular unleaded to $2.91, while the national average falls to $2.93. It's the 42nd consecutive day gas prices have dropped nationally, and the 37th in Florida. "Cheap … [Read more...]

No bottom yet in sight for falling gas prices

Cheaper gas is probably something everyone can get used to. But how long will gas hover around the $2.75 mark or lower? Only time will tell. The national average for regular unleaded gasoline fell to its lowest point since December 2010, dropping below $3 per gallon. Right now, more than 60 percent of American gas stations are selling gas below that mark, according to AAA, and 23 states have … [Read more...]

Lower gas here just in time for holiday shopping

Drivers are paying on average 65 cents less per gallon of gas they did just six months ago. And the price at stations around the state — and nation — continue to drop. Gas in Florida checked in at $3.04 over the weekend, down 11 cents from a week ago, and below $3 in many markets, including in and around Pasco County. "We are seeing gas prices falling at an average of 1 to 2 cents a day," … [Read more...]

Like falling fuel prices? Thank shale

Oil production in the United States is at its highest level since the release of the first "Back to the Future" movie in 1985, and a lot of that has to do with the new shale boom. Crude oil settled at $82.75 on Friday after dropping below $80 for the first time in two years just the day before, as gas prices continue to drop both locally and nationwide. "Motorists are paying $5 to $15 less … [Read more...]

It’s here! $3 gas arrives in Wesley Chapel

It's been years since Florida has seen its average gas prices drop below the $3 mark. And while the state average is not there quite yet, two gas stations in Wesley Chapel was selling gas at $2.99 this past weekend. Those gas stations — the Hess at State Road 54 and Bruce B. Downs Boulevard, and the cash buyers at Citgo at State Road 54 and Boyette Road — were the lowest in the area, and … [Read more...]

Plunging gas prices take a breather

Notice gas going up at your favorite fill-up station? Don't worry, it's happening everywhere. Maintenance at refineries along the Gulf of Mexico created a spike in gas prices this past week, pushing the cost of a gallon of gas up nearly a dime in one night Wednesday in some places around the state. But it did calm down elsewhere, and Florida reported an average of a 2-cent rise since last … [Read more...]