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Gas Prices Falling
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Published: October 7, 2007
There's some good news at the gas pumps.
Prices are inching down, says The American Automobile Association.
That trend should continue throughout the week, at least.
"In all probability, gasoline prices should continue to inch – ever so slowly – down this week," states a AAA press release.
The reasons?
The typical fall decrease in gasoline demand, plus higher refinery output plus increased production from OPEC, says AAA.
Prices for both gasoline and crude should decrease because the market is not likely to support crude oil at more than $80 per barrel, according to the release.
Crude oil closed on the New York Mercantile Exchange at $81.22 per barrel.
The current average price per gallon for unleaded regular is $2.770 nationally and $2.821 in Florida, according to AAA, a decrease of almost three cents per gallon both nationally and in the state from a week ago.
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