News Column

BRIEF: Florida gas prices recede 23rd day in row; airplane attack could snap streak

July 21, 2014

The Bradenton Herald

July 21--TAMPA -- News that a Malaysian Airliner was shot down quickly put upward pressure on the price of oil as West Texas Intermediate closed the week Friday at $103.13 a barrel on the NYMEX -- an increase of $2.30 from last week.

"Oil rose on concerns that violence could spread in response to the crash," said Mark Jenkins, spokesman, AAA -- The Auto Club Group. "Gas prices are currently falling more than a half cent a day, but geopolitical tension could slow the rate of discount at the pump this week."

The national and Florida average prices for a gallon of regular unleaded are 5 cents cheaper than last week and fell for the 23rd consecutive day Sunday.

Prices in Georgia and Tennessee fell 4 cents last week.

Georgia prices are on a 27-day streak of declines.

Tennessee prices fell for the 25th consecutive day


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Source: Bradenton Herald (FL)

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