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
RETAIL GAS PRICES SPARED HIKES FOR THANKSGIVING HOLIDAY
TAMPA, Fla. (Nov. 21, 2010)--Consumers will get a break this holiday weekend as gas prices are not expected to increase further this week after the price of crude oil dropped $3.37 in price last week to settle Friday at $81.51 a barrel on the New York Mercantile Exchange. Crude prices decreased for the second week in a row, sparing last minute spikes in retail gas prices before Thanksgiving.
The decrease came after China announced it will raise reserves and gave speculation they will increase interest rates that could slow demand growth in the country. In addition, economic concerns in Ireland that may result in a deepened credit crisis in Europe also pushed prices lower earlier in the week.
"Consumers shouldn’t expect any major spikes in retail gas prices this week before they hit road for the holiday weekend," said Jessica Brady, manager, AAA Public Relations. "Instead, retail prices should reflect minimal decreases of 2 to 3 cents."
The national average price of unleaded regular gasoline is $2.87 per gallon, 2 cents less than last week. Florida’s average price of $2.87 remains the unchanged from last wee. Tennessee’s average price of $2.70 and Georgia’s average price of $2.75 also reflect a 52-cent decrease from last week, respectively.
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
Current Week Ago Month Ago Year Ago
National: $2.875 $2.891 $2.827 $2.641
Florida: $2.873 $2.873 $2.816 $2.680
Georgia: $2.753 $2.776 $2.706 $2.500
Tennessee: $2.703 $2.23 $2.668 $2.495
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, November 28, 2010