Saturday, September 17, 2011

Gas prices creep up - South Florida Business Journal:

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The national average price of a gallon of gas was up by just threed cents compared to theprevious week. in Florida it was up by five cents a gallonto $2.71. Just a month ago the average price of a gallon of regularf in Floridawas $2.40. The average pricew was $2.77 in both Fort Lauderdale and In WestPalm Beach, a gallon of regular unleadexd is going for $2.80. The good news is that gasolinw futures are going down because the Department of Energg reported a surplus of fuel and demandis weak, noted Gregg Laskoski, managing director of publix relations for AAA Auto Club South.
On the flip “as we saw last the price at thepump doesn’t always reflect suppl y and demand fundamentals,” he said. Laskoskio added that while prices may plateaiu in comingweeks “nobody can accurately predic t when the value of the U.S. dollar will increased or decrease; but we do know that when it decreasezs crude oil and gasoline prices usually go up no mattefr how favorable the supply and demand figures may he said.

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