Birmingham gas prices tick up slightly
And in Jacksonville, the average price was $2.33 Monday, down 3 cents in the past week and down 22 cents in the past month.
The price of a gallon of gasoline in Massachusetts has fallen for the sixth consecutive week and is now at its lowest mid-August level in more than a decade.
Prices should remain low through the rest of the year because of a global oil surplus, AAA spokesman Mark Jenkins said.
The cheapest gas in Broward County was $2.32 per gallon as at BJ’s wholesale club, 5100 NW 9th Ave near Commercial Blvd., according to gasbuddy.com, a website that collects reports from consumers.
The price of oil is on its longest weekly slump of the year, after reaching the lowest closing price since the ‘Great Recession, according to AAA.
“You have to go all the way back to 2004 to find prices this low in the middle of August”, said Mary Maguire, Director of public and legislative affairs for AAA Northeast. Prices locally are 18 cents less than a month ago.
“This just proves how big of an impact oil can have on the price of gasoline”. The largest refinery responsible for providing fuel to the Great Lakes region and the Central United States, experienced an unexpected shutdown. The EIA forecasts U.S. regular gasoline retail prices to average $2.41/gal for all of 2015.
With a price this morning of $2.55 per gallon, Missouri ranked No. 19 on GasBuddy’s list of the lowest averages in the nation. So far this year, the price of gasoline has averaged $2.50.