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.
Next Fuel Price Brief: Sunday, October 3, 2010
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