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...]

Refinery problems freeze gas prices

The dream of gas under $3 may have to wait a little longer, at least in Florida. Refinery outages in both Canada and Texas put a halt to the summer-long decline in gas prices, and even went as far as pushing prices up in some places, like Pensacola. "Refinery maintenance, especially in the Gulf, is causing the tightening of supplies in some areas," said AAA spokesman Josh Carrasco, in a … [Read more...]

Gas prices fall in Zephyrhills, Dade City

Gas prices have now dropped for six weeks in a row. And those prices could fall even lower yet, especially after the price of oil is at its lowest point since May 2013. "Motorists should continue to see a discount at the pump," said AAA spokesman Mark Jenkins, in a release. "High domestic oil supplies, a decrease in global demand, and the easing of geopolitical tensions in Libya and Iraq are … [Read more...]

Gas prices still recovering from Labor Day weekend

Gas prices are still trying to come down after the expected bump during Labor Day weekend, but that hasn't stopped gas prices from being the lowest still since 2010 as September gets under way. And prices could get better, especially with federal employment levels lower than expected. "Demand typically eases going into the fall, but a high jobless report causes speculation that demand for … [Read more...]

Gas higher for summer, but not for long term

Drivers probably were not happy to see gas prices jumping up just ahead of the Labor Day holiday, as they typically do when demand is higher, but they should be happy that it was still the cheapest Labor Day weekend gas in four years. More than 29.7 million families gassed yup for a road trip on the weekend, according to AAA, with average prices nearly 19 cents cheaper than last year in … [Read more...]

Gas prices starting to stabilize despite declines

The winning streak for gas customers has now continued into its 40th consecutive day as the price for a gallon of regular unleaded continues to drop in Florida. But with oil prices finally starting to stabilize, it might not be long before those prices halt their free fall. The price of oil dropped just 23 cents last week, compared to more than $4 the week before, according to a new report … [Read more...]