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Merry Christmas, Florida: $2 gas is coming

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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 sign of slowing down,” AAA spokesman Mark Jenkins said, in a release. “Oil prices dropped for the fourth consecutive week because of increased oil production and low demand, and that’s keeping downward pressure on the price of gasoline. It is unclear exactly how low prices will go, but gasoline will keep getting cheaper as long as oil does.”

More than 89 million Americans are taking to the road this week, and when they do it, they will find the cheapest gasoline since May 2009, and the lowest Christmas prices since 2008, Jenkins said. On average, Americans are saving $13 for a tank of gas compared to this time last year, and if prices were to remain at these levels, households would save $550 next year, according to the Energy Information Administration.

“Plunging pump prices have boosted disposable income by more than 3.5 percent, which encourages Americans to travel,” Jenkins said. “AAA expects the highest number of travelers during the year-end holidays on record, which dates back to 2001.”

Florida prices were at $2.48 per gallon on average, down 12 cents from last week, and 35 cents from a month ago. Gas was 88 cents more expensive a year ago.

Although nowhere local has gas as close to $2 as Jacksonville does, many service stations are well below the state average.

In Land O’ Lakes, both the RaceTrac and the Hess station on the State Road 52 area reported prices of $2.35, according to GasBuddy, while the Sunoco on Land O’ Lakes Boulevard near Causeway Boulevard, reported the highest prices at $2.53.

In Wesley Chapel, Sam’s Club reported the lowest prices in the entire area at $2.24 on State Road 56. Four other stations were at $2.39, but well above the reported number from the high-volume retail store.

Lutz had gas prices ranging from $2.37 at Metro Gas on State Road 54 near Foggy Ridge Parkway, to $2.49 at three stations, including two near Van Dyke Road.

The cheapest gas in Zephyrhills is at the Marathon station on Eland Boulevard and Geiger Road with a reported price of $2.34. In Dade City, it was the Clark station at the lowest, with $2.33 per gallon on U.S. 301 near Long Avenue. The Chevron station on Fort King Road and Clinton Avenue was the most expensive, according to the website, at $2.45.

Another week, another dime for gas prices

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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

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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.

 

Finding a deal on gasoline? It’s only going to get cheaper

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Since the end of September, the price of gas has plummeted in states across the country, including 41 cents per gallon in Florida alone.

And it’s not stopping anytime soon.

“Gas prices are plunging in-line with the falling price of oil, declining demand, and pumps selling winter blend fuel, which is cheaper to produce,” said AAA spokesman Mark Jenkins, in a release. “Gas prices should only get cheaper through the rest of the year.”

Even the national gas price is taking a hit, with the U.S. Energy Information Administration dropping its forecast from $3.38 per gallon in 2015, to $2.94 instead. The national average in 2013 was $3.49, and despite the current drop in price, has averaged $3.45 so far this year.

“The change in EIA’s forecast this month shows just how volatile gas prices can be,” Jenkins said. “Motorists can expect low gas prices to linger through early 2015, but they will likely climb above $3 a gallon in the spring.”

That’s because gas prices typically rise about 40 cents in the spring because of oil refinery maintenance, increased demand, and the switch to the more expensive summer blend fuel.

The shale boom continues to push the price of oil downward, with a barrel selling for $75.82 on Friday — down $2.83 from the week before.

A gallon of unleaded gasoline in Florida Sunday was down 3 cents from a week ago, and 32 cents from a month ago. The price is 35 cents cheaper per gallon than what it was a year ago.

Two gas stations just off State Road 52 reported the cheapest gas in Land O’ Lakes, according to GasBuddy.com, with a posted price of $2.73 per gallon on Sunday. The most expensive was found at the Sunoco station on Land O’ Lakes and Causeway boulevards, at $2.89.

The Sam’s Club on State Road 56 was slightly cheaper with prices at $2.72, while the cash price at a Citgo on State Road 54 and Boyette Road was the priciest in Wesley Chapel at $2.89.

Gas prices in Lutz ranged from $2.74 at three different stations, to $2.94 at a Shell station on North Dale Mabry Highway and Van Dyke Road.

The cheapest gas in Zephyrhills was reported at $2.72 at two different stations, while the most expensive was said to be $2.89 at a Citgo at Gall Boulevard and Chancey Road. Dade City prices ranged from $2.69 at D&D on U.S. 98 and U.S. 301, to $2.85 at the Citgo station at Lock and 21st streets.

Low gas prices might push Thanksgiving travel

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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.

 

Lower gas here just in time for holiday shopping

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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,” AAA spokesman John Carrasco said, in a release. “That’s extra money consumers can now use in other areas, like holiday shopping.”

Prices nationwide are the lowest since 2010, and gas has fallen below the $3 mark in 17 states, AAA said. Georgia was the latest state to cross the $3 mark, where the state average currently sits at $2.93. Tennessee, on the other hand, has one of the lowest gas prices in the nation at $2.80.

A barrel of oil fell $1.08 on Friday to $81.01, and hit a two-year low on Oct. 16 when it briefly dropped below $80. Some analysts believe oil prices could drop to $75, which likely would translate to even lower prices at the pump.

Florida’s prices are down more than a quarter from a year ago, when gas was selling at $3.30.

The RaceTrac and Mobil stations on State Road 52 on the northern part of Land O’ Lakes, has the cheapest gas in that area, checking in at $2.89 on Sunday, according to GasBuddy. The Sunoco at Land O’ Lakes and Causeway boulevards has reportedly the most expensive gas at $3.03.

Sam’s Club on State Road 56 in Wesley Chapel was just a penny cheaper than many of its surrounding competitors, with prices at $2.88. Not even the most expensive gas in that area is above $3 now, with two stations coming in at $2.99.

Two stations in Lutz reported $2.89 gas — the Citgo at North Dale Mabry Highway and Land O’ Lakes Boulevard, and Lutz Petroleum on U.S. 41. Two Shell stations in the Van Dyke Road area remain that area’s most expensive, at $3.09.

The cheapest gas n Zephyrhills was found at the Shell station at Buchman Highway and Central Avenue, which reported $2.95. Only the Citgo on Gall Boulevard and Chancey Road was above $3, according to GasBuddy, at $3.01.

Dade City has some of the cheapest prices in the area, with D&D at U.S. 98 and U.S. 301 reporting $2.85, and the Clark station at U.S. 301 near Long Avenue checking in at $2.87.

Like falling fuel prices? Thank shale

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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 to fill their tanks than they were around July 4,” said AAA spokesman Josh Carrasco, in a release. “This is extra money that consumers can use for the holidays, either to put presents under the tree, or dinner on the table.”

Prices in Florida dropped 9 cents in the past week to $3.15. It followed a drop of a dime nationally, creating the lowest average since February 2011. At the statewide level, gas is still not at $3 in Florida, but that’s not true in other southern states, like Tennessee, where gas averaged $2.89 — down 11 cents from the week before.

Gas in Florida is down 14 cents from a month ago, and 18 cents from a year ago.

“Gas prices should continue to fall through the end of the year,” Carrasco said. “$3 a gallon and cheaper should become a common sight for motorists. The state averages of Florida and Georgia could be at or even below the $3 a gallon mark as early as Thanksgiving.”

Gas in Land O’ Lakes was at $3.07 at four different stations on Sunday, according to GasBuddy.com, including Citgo at State Road 52 and U.S. 41, the Hess in the same location, the Marathon station at Land O’ Lakes Boulevard and Ehren Cutoff, and the RaceTrac at State Road 52 and Silver Palm Boulevard.

In Lutz, the best prices were mostly the same with $3.07 at Chevron and the Sunoco both at State Road 54 and Collier Parkway. The most expensive was $3.19 at two Shell stations.

Seven stations in Wesley Chapel are below $3, with five as low as $2.95. That includes two Marathon stations, a Hess, a Mobil and a Shell. The highest prices in that area were really not above $3.09.

Gas was a little more expensive in Zephyrhills with $3.05 at the Marathon on Eiland Boulevard and Geiger Road, as well as Murphy USA at Gall Boulevard near Ginger Avenue. The cheapest in Dade City was reported at Clark on U.S. 301 near Long Avenue, where gas was $2.95. The most expensive there was $3.12 at the Shell located at Cortez Boulevard and U.S. 301.

Plunging gas prices take a breather

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Notice gas going up at your favorite fill-up station? Don’t worry, it’s happening everywhere.

Maintenance at refineries along the Gulf of Mexico created a spike in gas prices this past week, pushing the cost of a gallon of gas up nearly a dime in one night Wednesday in some places around the state. But it did calm down elsewhere, and Florida reported an average of a 2-cent rise since last Sunday.

“Last week was a temporary setback in what should otherwise be a month of falling as prices,” said AAA spokesman Mark Jenkins, in a release. “In October, refineries reduce output to conduct maintenance on their systems. They choose this month because fewer people are driving, and demand for gasoline is lower. However, there are more refineries along the Gulf coast doing maintenance compared to last year, and that put a temporary strain on supplies, causing prices to rise.”

However, that maintenance work should be done within the next week or so, Jenkins said, and that should cause gas prices to drop 20 cents by Thanksgiving.

If it weren’t for the maintenance work, gas prices would be at the lowest levels in a long time. The price of a barrel of oil settled at $89.74 last week, the first time it’s closed below $90 since April 2013. The United States remains the lead oil producer in the world because of the shale boom, and domestic crude production is at its highest level since March 1986, according to a report from the U.S. Energy Information Administration.

Gas prices in Florida averaged $3.31 Sunday, up 2 cents from last week but still down 5 cents from a month ago. It’s even with prices from a year ago.

Marathon had the lowest gas prices in the Land O’ Lakes area Sunday, charging $3.17 at its station on Land O’ Lakes Boulevard and Ehren Cutoff. The highest was $3.29 at the Shell station on State Road 54 and State Road 56, according to GasBuddy.

However, prices were much better in Wesley Chapel, with $3.09 reported at the Marathon station at Wesley Chapel Boulevard near Magnolia Boulevard, and at the Shell station on County Road 54 and Oakley Boulevard. Prices peaked at $3.29 at two stations Willow Oaks Drive and State Road 56.

Gas prices in Lutz ranged from $3.19 at Citgo on North Dale Mabry Highway and Land O’ Lakes Boulevard, to $3.34 at the Shell station at Dale Mabry and Van Dyke Road.

Prices in Zephyrhills were pretty uniform, with several stations reporting gas at $3.22 or $3.23 over the weekend, according to GasBuddy. The 7-Eleven on Fifth Avenue had the highest-priced gas, but it’s $3.29 was not that far above everyone else.

Dade City was a little cheaper with $3.19 reported at Clark on U.S. 301 near Long Avenue, and at Sunoco on U.S. 301 near Jordan Road. The most expensive there was $3.29 at two stations not far from downtown.

 

Refinery problems freeze gas prices

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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 release. “As a result of these refinery issues, the downward pressure eon gas prices motorists saw earlier this month has stopped.”

Several companies in the Gulf region — home to more than 40 percent of U.S. refining capacity, announced an unplanned maintenance, AAA said, which reduced gasoline output in this areas. Those outages occurred the same time as other refineries in the region are conducting seasonal maintenance.

Oil prices also are rising again, with West Texas intermediate crude rising $1.13 to $93.54 a barrel on Friday.

“Overall, motorists are still seeing value at the pump,” Carrasco said. “Gas prices are at a seven-month low, and we expect gasoline to continue trending downwards in the coming months.”

Prices in Florida held steady this week at $3.29, but was down 8 cents from a month ago, and 6 cents from a year ago.

The cheapest gas in Land O’ Lakes was $3.16, and found at a few stations in the area, including the Hess on State Road 52 and U.S. 41, as well as the RaceTrac at State Road 52 and Silver Palm Boulevard, and another RaceTrac on Land O’ Lakes Boulevard, near Lake Patience Road, according to GasBuddy. The most expensive gas reported to the site was $3.29 at the Shell station on the corner of State Road 54 and State Road 56.

In Wesley Chapel, prices ranged from $3.12 at Sam’s Club near Bruce B. Downs Boulevard, and $3.29 at a Shell station nearby. Lutz gas was as low as $3.16 at the Chevron and Sunoco at State Road 54 and Collier Parkway, and as high as $3.39 at the Shell on North Dale Mabry Highway and Van Dyke Road.

Gas prices in Zephyrhills climbed a little bit to a low of $3.15 at the Marathon on Eiland Boulevard and Geiger Road, as well as the Mobil on State Road 54 and Allen Road. The most expensive was reported at the Cumberland Farms on Gall Boulevard and State Road 39, where gas was $3.26.

The cheapest gas in Dade City was $3.13 at Clark, on U.S. 301 near Long Avenue. The most expensive there was said to be at Chevron on the corner of Fort King Road and Clinton Avenue, were prices came in at $3.24.

Gas prices fall in Zephyrhills, Dade City

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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.