The average price of a gallon of unleaded gasoline in the Tampa-St. Petersburg-Clearwater metro area on Sunday, July 13, is $3.48 - down from $3.53 last week. A year ago, local motorists were paying $3.42.
TAMPA - The price of oil dropped for the third consecutive week, pushing retail prices to their lowest level in months.
On Sunday, July 13, the national average price for a gallon of regular unleaded gasoline fell for the 16th consecutive day, according to AAA’s weekly fuel brief. Since last week, the average price fell 4 cents to $3.62, the cheapest price since April.
Oil settled at its lowest price in two months on the NYMEX as U.S. stockpiles increased last week and supply risks eased in Iraq and Libya. The price for a barrel of oil settled at $100.83 Friday, a $3.23 decline from a week ago.
"Oil prices hit a free-fall at the end of last week," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "As a result, motorists in the southeast could see prices at the pump fall 10 to 20 cents in the next two weeks."
The average price for a gallon of regular unleaded gasoline in Florida is 3 cents cheaper than last week and the lowest since March 25. The average price on Sunday was $3.56 – down from $3.59 last week. The average price in the Tampa-St. Petersburg-Clearwater metro area was $3.48 down from $3.53 last week. A year ago, local motorists were paying $3.42.