Gas prices will start this week just about where they began it last week—but that's not to stay they didn't move all around this week.
AAA reports Florida gas prices remain within the same 20 cent range they've moved within for the past five months. Monday morning, the state average was $3.09 per gallon. Although the state average rose 10 cents last week, it came back down almost the same amount, finishing the week only 1 cent higher than the week before.
Osceola County (currently at $3.13, higher that the $3.05-$3.11 of all other neighboring counties) hasn't seen all of that "come back down" for the week—it was $3.09 a week ago. But it was $3.19 a month ago and $3.43 this time last year.
"For months, oil prices avoided significant swings, which also prevented gas prices from doing the same," said Mark Jenkins, spokesman, AAA—The Auto Club Group. "However, bearish sentiment crept into the market, last week. Economic uncertainty and the potential for increased production from OPEC helped push oil prices to lows not seen since November. It's unclear if this will have an effect on gas prices. Interestingly enough, the price of gasoline futures increased last week, likely because refineries are beginning to produce summer blend gasoline and spring break travel is causing higher demand for fuel."
The price for U.S. crude oil fell 4% last week ... yet gasoline futures increased 14 cents per gallon on the week, AAA said.
