The Laker/Lutz News

Serving Lutz since 1964 and Pasco since 1981.
Proud to be independently owned.

Old Tobacco Road

Another week, another dime for gas prices

By

There is still no end in sight on how low gas prices may go after the national average for a gallon of gasoline dropped another dime in the past week.

That new national average is now $2.70, the lowest since September 2010. Sunday marked the 73rd straight day that gas prices had fallen, losing 66 cents in the process.

“The shale boom continues putting downward pressure on the price of oil, which pushes gas prices even lower,” said AAA spokesman Mark Jenkins, in a release. “Oil prices are forecast to drive lower next week, which means gas prices will follow suit. Gas prices could fall another 15 cents before the end of the year.”

Gas could even drop below $2 a gallon in some markets, Jenkins said. However, that it’s unlikely the national average will hit that low by the end of the year, and Florida likely won’t see those types of prices either.

Yet, Florida is dropping too, matching the national average at $2.70. That’s down 7 cents in the last week, and 73 cents from last year.

The price of oil dropped to its lowest level in five years, AAA said. The price for a barrel closed Friday at $65.84, down 31 cents from the week before. The shale boom has boosted U.S. oil production to just under 9.1 million barrels a day, the fastest rate on record, dating back to 1983.

Prices hit $2.57 at the Marathon station at Land O’ Lakes Boulevard and Ehren Cutoff on Sunday, according to GasBuddy. That’s a sharp contrast from the $2.74 reported at the Sunoco located on Land O’ Lakes and Causeway boulevards.

In Wesley Chapel, the cheapest gas was also $2.57, and found at the Sam’s Club on State Road 56 near Bruce B. Downs Boulevard. Five stations reported the highest gas in that particular part of Pasco County, at $2.69.

Lutz gas ranged from $2.54 at the Circle K at Van Dyke and Old Tobacco roads, to $2.79 at a Shell station at North Dale Mabry Highway and Van Dyke.

On the eastern side of the county, Zephyrhills had its cheapest gas at $2.59 at three different locations. The most expensive, according to GasBuddy, was $2.69 at two Gall Boulevard gas stations. In Dade City, it was $2.49 at two gas stations — the Clark station on U.S. 301 near Long Avenue, as well as D&D on U.S. 98 and U.S. 301. The most expensive there was reported at a Chevron station on Fort King Road and Clinton Avenue with a reported price of $2.62 per gallon.

Thanksgiving traveling like it’s 2009

By

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 regular unleaded gas was $2.82 heading into the busy Thanksgiving week.

“Travelers are thankful to have more money  in their pockets due to falling gas prices,” said AAA spokesman Mark Jenkins, in a release. “The good news is gas should continue falling through the rest of the year. Cheaper gasoline has helped boost disposable income and consumer spending, which encourages more people to travel.”

The state average in Florida Sunday matched the national average at $2.82, down 6 cents from a week ago, and off 64 cents a gallon from the $3.46 prices the state saw just over Thanksgiving weekend a year ago. State prices also are down 27 cents from a month ago.

The best prices in Land O’ Lakes over the weekend were found as usual at two stations on Land O’ Lakes Boulevard and State Road 52 — Both the RaceTrac and Hess station there reported $2.65 on Sunday, according to GasBuddy. The most expensive gas, on the other hand, was $2.83 reported at the Sunoco at Land O’ Lakes and Causeway boulevards.

Lutz drivers also found $2.65 gas at the Circle K on Van Dyke and Old Tobacco roads. The most expensive in that area was $2.89 at the Shell station on North Dale Mabry Highway and Van Dyke.

Six different gas stations in Wesley Chapel advertised prices of $2.69 over the weekend, competing for the cheapest gas there, while the most expensive was reported to be $2.79 at the Shell station on Bruce B. Downs Boulevard near State Road 56, as well as the BP station on Willow Oaks Drive and State Road 56.

In Zephyrhills, gas prices ranged from $2.69 at the Marathon on Eiland Boulevard and Geiger Road, as well as the Murphy USA on Gall Boulevard, to $2.76 at the Sunoco on County Road 54 and Wire Road. Dade City’s cheapest gas was $2.63 at both the Clark on U.S. 301 near Long Avenue, and D&D on U.S. 98 and U.S. 301.

 

Low gas prices might push Thanksgiving travel

By

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 gas prices couldn’t come at a better time as millions of Americans make travel plans for the holiday season,” AAA spokesman Mark Jenkins said, in a release. “Prices are the lowest in four years, which should influence more people to take a trip, drive farther, or drive instead of fly.”

The average gas price is now below $3 a gallon in 26 states, including Florida, Georgia and Tennessee. South Carolina has the cheapest gas in the country at $2.68, with Tennessee not far behind at $2.70. Florida has the 20th cheapest.

The U.S. shale boom continues to have a major impact on the market, with domestic oil production the highest on record, dating back to 1983. The price for a barrel of oil fell below $79 for the first time since June 2012, settling at $78.65 on Friday, a drop of $1.89 from the previous week.

Land O’ Lakes has the cheapest gas in the area, with $2.75 reported at both the Citgo and RaceTrac stations in the State Road 52 area, according to GasBuddy. Zephyrhills was not far behind with $2.77 at a Shell station on Paul S. Buchman Highway and Central Avenue.

The Circle K on Van Dyke and Old Tobacco roads checked in at $2.78 in Lutz, while the cheapest gas in both Wesley Chapel and Dade City was coming in at $2.79.

Two shell stations on Van Dyke Road in the Lutz area had the area’s most expensive gas at $2.99, while the Sunoco at Land O’ Lakes and Causeway boulevards reported $2.93, in the Land O’ Lakes area. Wesley Chapel’s most expensive was $2.89 at a Shell station on Bruce B. Downs Boulevard and State Road 56, not far from its cheapest gas at Sam’s Club, which was a dime lower.

 

No bottom yet in sight for falling gas prices

By

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 averages also below that mark.

In fact, Florida — where the gas average price is $2.96 — is ranked 20th in the nation, and is part of a region of the country where gas is at its lowest.

“Gas prices are still falling,” said AAA spokesman Josh Carrasco, in a release. “There is still room for the price at the pump to drop in the short term. We could see prices side another 5 to 15 cents by the end of the year.”

Gas prices dropped 33 cents in October, the steepest single-month decline since 2008. A lot of that can be attributed to the cheapening of crude oil, according to the AAA, which accounts for a vast majority of gasoline’s cost. West Texas Intermediate, for example, has dropped more than $25 per barrel since this year’s peak price of $107.73 on June 20. The current price for WTI closed at $80.54 on Friday, down slightly from the previous week’s close of $81.27.

“Abundant oil supplies, winter-blend fuels and low demand continue to place downward pressure on gas prices,” Carrasco said. “Crude oil prices seem to be leveling out, which may put the brakes on significant drops in gasoline prices. But we haven’t hit the bottom yet.”

The price for gas in Florida dropped 8 cents from the previous week to $2.96. It’s down 37 cents from a month ago, and 29 cents from a year ago.

Taking a look at where gras prices are locally, the cheapest gas in Land O’ Lakes is at the RaceTrac on State Road 52 and Silver Palm Boulevard, where prices were reported Sunday at $2.76, according to GasBuddy. The priciest is at the Shell located on State Road 54 and State Road 56, where prices were set at $2.97 over the weekend.

In Lutz, prices ranged from $2.84 at the Circle K at Van Dyke and Old Tobacco roads, to $2.99 at two Shell stations on Dale Mabry Highway.

Motorists were finding the best gas prices in Wesley Chapel at the Sam’s Club at State Road 56 near Bruce B. Downs Boulevard, where prices were set at $2.82. The most expensive there was at Shell just nearby at $2.93.

In Zephyrhills, the cheapest gas was reported at the Shell station at Paul S. Buchman Highway and Central Avenue at $2.84. The high was found at $2.95 at the Citgo, located at Gall Boulevard and Chancey Road.

Finally, drivers in Dade City looking for the best prices should look up either the Clark station on U.S. 301 and Long Avenue, or D&D at U.S. 98 and U.S. 301, where prices were set at $2.83. The most expensive in that area was found at the BP station on U.S. 98, where gas was priced at $2.99.

 

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

By

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.

The Hess station at State Road 54 and Bruce B. Downs Boulevard in Wesley Chapel is one of the first stations locally in years to have gas under $3. (Michael Hinman/Staff Photo)
The Hess station at State Road 54 and Bruce B. Downs Boulevard in Wesley Chapel is one of the first stations locally in years to have gas under $3. (Michael Hinman/Staff Photo)

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 below the $3 mark for the first time, according to GasBuddy.

And that might be just the beginning.

“Gas prices declined dramatically last week, and more discounts are on the way,” said AAA spokesman Mark Jenkins, in a release. “It will soon be increasingly common for motorists to find gasoline cheaper than $3 a gallon. Demand is low and domestic oil supplies are high, putting downward pressure on the price of both oil and gasoline. State averages in Florida and Georgia could be flirting with the $3 mark by Thanksgiving.”

Right now, Florida’s average gas price is $3.24, down 7 cents from a week ago, and down a dime from a month ago. However, it’s down just a nickel from a year ago.

Gas nationally is $3.21, down 9 cents from a week ago, and 20 cents lower than a month ago.

Tennessee, by the way, already is at $3 on average. That’s down 9 cents from the week before, and 20 cents from the month before.

Gas prices in Land O’ Lakes on Sunday ranged from $3.17 at three different gas stations, to $3.21 at the Shell located at Land O’ Lakes Boulevard and Hale Road, according to GasBuddy.

It was a similar story in Lutz, where gas prices were found as low as $3.15 at both the Circle K at Van Dyke and Old Tobacco roads, as well as the Citgo at North Dale Mabry Highway and Land O’ Lakes Boulevard. The highest prices there on Sunday were reported at $3.29 at the Shell located at Van Dyke and Lakeshore Drive.

To join the $2.99 prices in Wesley Chapel, there were still some highs, including a price of $3.19 at three different stations.

Murphy USA had the cheapest gas in Zephyrhills over the weekend at $3.14 on Gall Boulevard near Ginger Avenue, while the Citgo at Gall and Chancey Road had the highest reported price at $3.25.

In Dade City, prices ranged from $3.15 at two locations, to $3.22 at two other stations.

Gas prices fall in Zephyrhills, Dade City

By

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 keeping downward pressure on gasoline prices.”

Beginning Monday, refineries will no longer need to sell summer-blend gasoline, Jenkins said. Winter-blend is cheaper to produce, which will help push prices even lower in the coming months.

The price for a gallon of regular unleaded fuel in Florida was $3.32 on Sunday, compared to $3.36 a week ago. That’s down 16 cents a gallon from a year ago.

The price for a barrel of oil settled at $92.27 on Friday, down a little more than a dollar from the previous week. It’s at its cheapest level in four months.

The price drop came as the International Energy Agency decreased its 2015 oil demand forecast late last week, where it estimated that global demand will rise just 1.3 percent next year.

“The bottom fell out of oil prices this week,” Jenkins said. “U.S. domestic oil production is set to hit a 45-year high by next year. Barring a major weather event in the Gulf, or overseas geopolitical tensions, we should continue to see oil prices fall.”

In Zephyrhills, gas is cheaper than most other places in the county, with six gas stations checking in at $3.15. Yet, the Citgo at Gall Boulevard and Chancey Road reported prices of $3.34. Dade City saw a range of $3.15 at the RaceWay on U.S. 301 and McDonald Road, to $3.29 at a BP station at the U.S. 98 Bypass.

Four locations in Land O’ Lakes offered gas at $3.19 on Sunday, according to GasBuddy.com. They included the RaceTrac on Land O’ Lakes Boulevard near Lake Patience Road and on State Road 52 near Silver Palm Boulevard, as well as the Citgo station on Land O’ Lakes Boulevard near Lake Patience Road as well, and the Mobil station on State Road 52 near the Suncoast Parkway.

The most expensive reported was $3.30 at a Sunoco station on Land O’ Lakes Boulevard near Causeway Boulevard.

In Lutz, gas prices Sunday ranged from $3.21 at the Circle K on Van Dyke and Old Tobacco roads, to $3.39 at two Shell stations near Van Dyke.

Wesley Chapel prices were the lowest at Sam’s Club at State Road 56 near Bruce B. Downs Boulevard at $3.16, and reportedly the most expensive at a Shell station nearby, where gas sold for $3.29.

Gas prices still recovering from Labor Day weekend

By

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 gasoline may be even lower,” said Mark Jenkins, a spokesman for AAA-The Auto Club Group, in a release. “This report, combined with easing geopolitical tensions between Russia and Ukraine, and refineries beginning to switch from summer to winter blend fuels, all continue to place downward pressure on what is already unseasonably low gas prices.”

That trend, as Jenkins has shared before, could mean gas cheaper than $3 a gallon before the end of the year.

The U.S. Department of Labor reported last week that 142,000 new jobs were created in August, lowering the national unemployment rate slightly to 6.1 percent. While that is a positive growth in jobs, it was lower than analysts had expected.

Oil prices took a hit this past week as well, with a barrel of oil selling for $93.29 on Friday, a drop of $2.67 from the previous week. That is a seven-month low for crude.

The average gallon of gas in Florida was $3.36 on Sunday, down a penny from $3.37 a week ago, and 3 cents from a month ago. It’s 19 cents lower than what it was a year ago, however, AAA reported.

“Some markets are seeing more expensive gasoline compared to last week,” Jenkins said. “Much of that has to do with demand jumping during the Labor Day weekend, causing lower supplies and higher prices. It is possible that prices could inch up toward the middle of the month as refineries prepare to switch to the cheaper-to-produce winter blend gasoline on Sept. 15, but prices usually fall through the remainder of the year.”

The cheapest gas in Land O’ Lakes on Sunday night was $3.19 at the Mobil station on State Road 52 near the Suncoast Parkway, according to GasBuddy. The Shell station at State Road 54 and State Road 56 was listed as the most expensive at $3.37.

Wesley Chapel had some cheaper gas, found once again at Sam’s Club on State Road 56 near Bruce B. Downs Boulevard, where prices were reported at $3.17. Four locations — including a Shell station, 7-Eleven, Hess and Mobil — had gas prices at $3.37.

In Lutz, prices ranged from $3.21 at the Circle K on Van Dyke and Old Tobacco roads, to $3.39 at two Shell stations — one on Van Dyke near Lakeshore Drive, the other at North Dale Mabry Highway at Van Dyke.

Gas prices in Zephyrhills were found from $3.22 at a Mobil station on State Road 54 near Allen Road, to $3.34 at a Citgo on Gall Boulevard and Chancey Road. The cheapest gas in Dade City was $3.25 at three locations — Raceway, Marathon and Clark — while the most expensive, according to GasBuddy, was found at the Chevron station on Fort King Road and Clinton Avenue for $3.31.