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Average Gas Price Drops Below $3 In Tampa Bay Area

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By RUSSELL RAY | The Tampa Tribune

Published: October 20, 2008

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TAMPA - The average price of a gallon of regular gasoline has dropped below $3 a gallon in the Tampa Bay area, according to AAA's Daily Fuel Gauge Report.

Local retailers are charging, on average, $2.94 for a gallon of regular unleaded, down from $3.78 a month ago, AAA reported today. A year ago, the same grade of fuel was averaging $2.79 a gallon in the Bay area.

Industry observers attribute the sharp decline to lower demand created by the gloomy economy and a 50 percent drop in oil prices since mid-July.

Reporter Russell Ray can be reached at (813) 259-7870.

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Average Gas Price Drops Below $3 In Tampa Bay Area

By RUSSELL RAY | The Tampa Tribune