Fuel Price Brief for the Week of September 26

26 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 BOUNCES BACK $2.85

TAMPA, Fla. (Sept. 26, 2010) – The price of crude oil moved higher this week after the dollar weakened against the euro and Exxon Mobile Corp announced it will shut down a major Texas refinery in preparation for the switch from the summer blend to the winter blend fuel. The refinery will remain closed for several weeks and produces more than 344,000 barrels of crude a day.

“Crude oil is stuck between $70 and $80 and will most likely yo-yo up and down in this price range for quite some time,” said Jessica Brady, manager, AAA Public Relations. “As with any increase in the price of crude oil, retail gas prices will move in the same direction. Consumers will see slight increases in gas prices this week, but it’s very likely we will see the price of crude move lower next week, unless the dollar remains weak.”

The price of crude oil closed $2.85 higher this past Friday to settle at $76.49 a barrel on the New York Mercantile Exchange.

The national average price of unleaded regular gasoline is $2.70 per gallon, 3 cents less than last week. Florida’s average price of $2.68, Georgia’s average price of $2.59, and Tennessee’s average price of $2.56 all reflect a 2 cent decrease from last week, respectively.  
 
CURRENT AND PAST PRICE AVERAGES
Regular Unleaded Gasoline
 
                                    Current           Week Ago      Month Ago     Year Ago
National:                    $2.700          $2.731                  $2.682              $2.512
Florida:                      $2.687          $2.708                  $2.632              $2.448
Georgia:                     $2.591          $2.618                  $2.534             $2.322
Tennessee:                 $2.560          $2.586                  $2.513              $2.314
 
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, October 3, 2010

 

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