Fuel Price Brief for the Week of August 29

29 August 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

 

 INVESTOR RALLY GIVES PRICE OF CRUDE MODEST BOOST

 
TAMPA, Fla. (Aug. 29, 2010)--Despite poor economic news, investors rallied late last week after Federal Reserve Chairman Ben Bernanke said the Central Bank is ready to help stimulate the economy if the U.S. shows further signs of a weakened recovery. The investor rally helped push the price of crude higher by $1.62 to settle Friday at $75.17 a barrel on the New York Mercantile Exchange. 
 
"Even with the boost in investor confidence, the current condition of the economy and continued growth of U.S. stockpiles of crude oil do not support crude oil trading above $75 a barrel," said Jessica Brady, manager, AAA Public Relations. "Although consumers will see a slight increase in retail gasoline prices this week, it’s very possible prices will dip again next week."
 
The national average price of unleaded regular gasoline is $2.67 per gallon, 4 cents less than last week. Florida’s average price of $2.62 and Tennessee’s average price of $2.50 also dropped 4 cents last week. Georgia’s average price of $2.52 decreased 5 cents from last week, respectively.  
 
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
 
                                    Current           Week Ago      Month Ago     Year Ago
National:                    $2.678          $2.713                  $2.741              $2.609
Florida:                      $2.622          $2.666                  $2.686              $2.591
Georgia:                     $2.522          $2.572                  $2.614             $2.458
Tennessee:                 $2.502          $2.545                  $2.577              $2.445
 
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 5, 2010

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