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...]

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...]

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...]

Traveling? Labor Day gas prices expected at 4-year low

When gas prices will start to climb again, no one knows. And while there may be a slight increase in time for the high-demand season of Labor Day weekend, AAA says expect those prices to be the lowest they've been in four years. "Record-high oil production is keeping downward pressure on gas prices," said AAA spokesman Mark Jenkins, in a release. "The bottom fell out again on oil prices last … [Read more...]