gas prices up 4 cents

 

 

FUEL PRICE BRIEF CONTACT:  For your local media contact visit www.AAA.com/Media Mark Jenkins, AAA spokesman, The Auto Club Group, office: (813) 288-7906; cell: (813) 449-2734, majenkins@aaasouth.com

GAS PRICES MAKE SLIGHT INCREASE BEFORE END OF YEAR

TAMPA, Fla. (Dec. 27, 2012) – After a steady decline since November, retail gas prices have inched back up as 2012 comes to an end. The past two years reflected the same trend, with gas prices dipping in early to mid December, only to increase before January 1.

Aside from the slight increase in pump prices from last week, 2012's annual average is a record-breaking year. So far, this year's average for a gallon of regular retail gasoline is $3.61, 10 cents more than the annual average in 2011. Price trends were also off from the norm this year, with gas prices peaking in April and hitting bottom during the first week of July.

"Gas prices are doing exactly what was expected, closing out the year on an upswing," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "Motorists could very likely see pump prices increase into mid January before starting to retreat again. This year, much like 2011, was a volatile year for both oil and gas prices with some unexpected trends. Next year could be very similar in terms of volatility and unconventional trends."

A barrel of oil is currently trading around $90 on the New York Mercantile Exchange.

The national average price of regular unleaded gasoline is $3.25, 2 cents more than last week. Florida's average of $3.29, Georgia's average of $3.19, and Tennessee's average of $3.07 all increased 4 cents from last week, respectively. Visit AAA's Daily Fuel Gauge Report to find national, state, and local metro market retail gasoline prices.

 

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

                                Current                  Week Ago             Month Ago           Year Ago

National:                                 $3.247                         $3.226             $3.423                 $3.231

Florida:                                    $3.290                         $3.250             $3.387                 $3.249

Georgia:                                   $3.189                         $3.153           $3.282                 $3.118

Tennessee:                              $3.074                       $3.028             $3.170                 $3.056

 

Next Fuel Price Brief:  Sunday, December 30, 2012

 

 

 

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