Does the cost of gas seem cheaper than usual? It should, because drivers haven’t experienced prices like these since 2010.
Back then, gas was $2.74 per gallon, according to AAA. Within a year, it would jump nearly 80 cents, and climb even higher in 2011.
Yet, the national average of $3.50 set over the weekend not only is 3 cents cheaper than last week, but the lowest it’s been since those prices started to climb in August 2010.
“Typically, gasoline prices fluctuate in July and August, but for the most part, prices have steadily declined,” said AAA spokesman Mark Jenkins, in a release. “Oil prices decreased dramatically this week, so there’s no reason gas prices should go up any time soon. In fact, if these conditions continue, prices could eventually slip below $3 a gallon by the end of the year.”
Of course, there are always events that can get in the way of such an occurrence, like refinery outages, spikes in oil prices, and merely the threat of a hurricane in the Gulf of Mexico, Jenkins said.
The price of a barrel of oil dropped $4.21 in just a week to $97.88 — the biggest weekly decline in seven months, and the lowest since February. Refineries are running at record levels, and there is more than enough gasoline in the market, which has helped bring down prices despite multiple overseas conflicts, AAA said.
Florida’s gas is at $3.41, down a nickel from last week, and at its lowest point since February. Just a month ago, gas in the state was at $3.61. Last year at this time, drivers were paying $3.58 at the pump on average.
As of last Sunday, gas prices in the Land O’ Lakes and Lutz area ranged from $3.21 to $3.49, according to GasBuddy.com, with the cheapest found at Lutz Petroleum on U.S. 41. The cheapest gas in the Wesley Chapel and New Tampa area was $3.22 at Sam’s Club on Bruce B. Downs Boulevard, with high prices around $3.47.
In the Zephyrhills area, gas cost between $3.37 and $3.42, the cheapest found at the Marathon station on Eiland Boulevard. However, drivers willing to go a little further for cheaper gas could find it at $3.31 at the Shell station on the corner of Cortez Boulevard and U.S. 301.
