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...]

Merry Christmas, Florida: $2 gas is coming

Georgia and Tennessee have gas stations where prices have fallen below $2 a gallon. And it looks like Florida might not be far behind. Stations in the Jacksonville area reported prices of $2.10 over the weekend, according to AAA. And if prices keep falling at the current rate of 2 cents a day, that area will be at $2 a gallon by the end of the week. "Gasoline prices are plunging with little … [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...]

Lutz 7-Eleven sells to Brandon investor

Drivers on State Road 54 going by 7-Eleven on Livingston Road may have noticed the 7-Eleven signs are gone. The corporate parent of the convenience store chain, 7-Eleven Inc. — through its Southland Corp. affiliate — sold the 27-year-old store late last month to Sailfish Real Estate LLC of Brandon. The owner of that company, William McKnight, owns several convenience stores around the region, … [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...]

Thanksgiving traveling like it’s 2009

It's just five years ago, but 2009 is not too hard to remember. The Black Eyed Peas had a hit in "Boom Boom Pow." At movie theaters, "Avatar" was breaking every record imaginable. And at the gas pump, drivers were paying less than $2.70 at the pump. Hit songs and blockbuster movies from five years ago will likely stay there, but cheap gas? It's back, as the national average for a galling of … [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...]