News Column

Gas Prices Drop in Time for Labor Day Travel

August 27, 2013
freeway

More than 34 million people are expected to travel this Labor Day weekend as the national average for a gallon fueled good news at the gas pumps: The price of regular gasoline is about 30 cents less than this same week last year.

Gas prices have steadily dropped since mid-July, with motorists in the Southeast paying some of the lowest prices in the nation.

"At this point, it looks like motorists will enjoy relatively low gas prices during the Labor Day weekend," said Jessica Brady, AAA spokeswoman with The Auto Club Group. "Last year during this time, Tropical Storm Isaac drove gas prices close to $4 a gallon after Gulf refineries were forced to shut down."

The national average price of regular unleaded gasoline is $3.54, the same as last week. Florida's average of $3.50 was about the same as last Monday, while Georgia's average of $3.46 rose 2 cents.

In Ocala, the average prie for a gallon of regular gas was $3.48, about 1 cent lower than a week earlier, according to the website www.GasBuddy.com.

The cost for a barrel of oil closed last Friday at $106.42 on the NYMEX -- $1.04 less than the week prior.

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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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