News Column

Gas Prices Keep to Uneven Trend

May 7, 2013
gas pump

Gas prices fluctuated last week after the price of a barrel of oil inched above $90 and on word of a positive U.S. jobs report.

The jump in employment numbers raised hopes for an increase in fuel demand and pushed oil prices higher.

"Gas prices moved in both directions last week and are expected to do so again this week. Although pump prices will fluctuate, they're not likely to spike," said spokeswoman Jessica Brady of AAA South and The Auto Club Group.

"Until there's a significant spike in fuel demand or an unforeseen event occurs that affects supply, gas prices will likely remain relatively stable."

A barrel of oil closed Friday at $95.61 on the New York Mercantile Exchange -- $2.61 more than the week prior.

The national average price of regular unleaded gasoline is $3.52, 2 cents more than last week. Florida's average of $3.42 fell 1 cent.

In Ocala, the average price on Monday was $3.46, up from $3.44 a week ago, according to GasBuddy.com.

The nation's oil stockpiles rose about 7 million barrels during the last week in April, according to the Energy Information Administration.

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(c)2013 the Ocala Star-Banner (Ocala, Fla.)

Visit the Ocala Star-Banner (Ocala, Fla.) at www.ocala.com

Distributed by MCT Information Services





Source: Copyright Ocala Star-Banner (FL) 2013


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