BRADENTON -- Average retail gasoline prices in Bradenton-Sarasota have fallen 3.3 cents per gallon in the past week, averaging $2.04 a gallon, according to GasBuddy's daily survey of 308 area gas outlets. This compares with the national average that has fallen 1.1 cents per gallon in the last week to $2.18 a gallon, according to gasoline price website GasBuddy.com.
Prices were 92.4 cents per gallon lower on Sunday than the same day one year ago and are 2.4 cents per gallon lower than a month ago. The national average has decreased 10.9 cents per gallon during the last month and stands 79.0 cents per gallon lower than this day one year ago.
"The gas price slide across much of the nation has continued for the third straight week," said Will Speer, GasBuddy's senior petroleum analyst for the Midcontinent and Southwest. "Planned fall refinery maintenance had put the Midwest in the spotlight as the region hardest hit with refinery rate reductions, but as we reach November, refinery maintenance projects are beginning to wrap up as evident in EIA's weekly report, which saw refinery utilization rates improve."
For the entire month of October, gas prices averaged $2.26 nationally and $2.17 in Florida. Overall, October pump prices shifted lower by an average of 11 cents nationwide, and 6 cents in Florida, according to AAA - The Auto Club Group.
"Prices should remain low through the holiday season," said Mark Jenkins, AAA spokesman. "The national average could dip well below $2 a gallon by Christmas as long as oil prices remain low and there are no interruptions in gasoline supply."