25 July 2010
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FUEL PRICE BRIEF CONTACT: For Your Local Media Contact Visit: www.AAA.com/Media Jessica Brady, manager, AAA Public Relations, office: (813) 288-7294; cell: (813) 532-5327 |
CRUDE OIL MOVES HIGHER AFTER THREAT OF TROPICAL STORM BONNIE
TAMPA, Fla. (July 25, 2010) - Crude oil rose $2.89 last week as Tropical Storm Bonnie posed a threat to Gulf oil refining. Although Bonnie weakened and caused no rig damage, crude oil closed Friday at $78.98 a barrel on the New York Mercantile Exchange.
An investor rally after the Dow gained 0.9 percent and the S&P index rose 0.6 percent also contributed to the rise in crude price.
"As with any rise in the price of crude oil, retail gas prices will increase. Crude’s price increase was minimal, so consumers shouldn’t see too big a jump in retail prices this week," said Jessica Brady, manager, AAA Public Relations.
The national average price of unleaded regular gasoline is $2.73 per gallon, up 1 cent from last week. Florida’s average price of $2.67 and Tennessee’s average price of $2.55 both show a 3-cent increase from last week. And, Georgia’s average price of $2.59 reflects a 2-cent increase from last week, respectively.
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
Current Week Ago Month Ago Year Ago
National: $2.737 $2.723 $2.755 $2.481
Florida: $2.674 $2.646 $2.699 $2.486
Georgia: $2.596 $2.579 $2.625 $2.336
Tennessee: $2.557 $2.528 $2.591 $2.320
AAA’s Daily Fuel Gauge Report (fuelgaugereport.com) is updated each day and is the most comprehensive; reflecting actual prices from credit card transactions within the past 24 hours at two-thirds (100,000 stations) of the gasoline stations in the U.S. Its accuracy is unparalleled.
How much are you paying for gasoline taxes in Florida/Georgia/Tennessee? Use this link: http://www.aaasouth.com/acs_news/gas_taxes.asp to find out.
Next Fuel Price Brief: Sunday, August 8, 2010