Fuel Price Brief for the Week of September 12

12 September 2010

 

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 

 PRICE OF CRUDE RISES AFTER MAJOR U.S. PIPELINE SHUTS DOWN

TAMPA, Fla.(Sept. 12, 2010)—Enbridge Energy Partners LP shut down a major pipeline last week in Illinois after reports of an oil leak. The Illinois pipeline is the primary supplier of western Canadian crude oil to the U.S. and can transfer more than 670,000 barrels of crude oil from Canada a day and supplies multiple refineries in the area.
 
The price of crude oil moved higher after investors learned of the closed pipeline, causing concern over limited supplies in the region and falling U.S. inventories. Crude oil settled Friday at $76.45 a barrel on the New York Mercantile Exchange; 1.85 more than last week.
 
“As with any increase in the price of crude oil, retail gas prices will follow suit and move slightly higher this week,” said Jessica Brady, manager, AAA Public Relations. “Whether or not prices continue to increase depends on how soon workers can fix the leak in the Illinois pipeline.”
 
The national average price of unleaded regular gasoline is $2.69 per gallon, 1 cent more than last week. Florida’s average price of $2.65 is 3 cents more than last week. Georgia’s average price of $2.56 and Tennessee’s average price of $2.51 both reflect a 2 cent increase from last week, respectively.  
 
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
 
                                    Current           Week Ago      Month Ago     Year Ago
National:                    $2.684          $2.678                  $2.779              $2.586
Florida:                      $2.626          $2.622                  $2.732              $2.557
Georgia:                     $2.547          $2.522                  $2.652             $2.411
Tennessee:                 $2.496          $2.502                  $2.614              $2.412
 
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.
 
Next Fuel Price Brief:  Sunday, September 19, 2010

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