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Gas prices drop in Bradenton-Sarasota; even lower prices predicted

Retail gasoline prices in the Bradenton-Sarasota area have fallen 3.5 cents per gallon in the past week, averaging $2.20 a gallon today, according to GasBuddy's daily survey of 308 area gas outlets.

This compares with the national average that has fallen 2.4 cents per gallon in the last week to $2.31 a gallon, according to gasoline price website GasBuddy.com.

Prices are 47.8 cents per gallon lower than the same day one year ago and are 2.3 cents per gallon higher than a month ago. The national average has decreased 1.3 cents per gallon during the last month and stands 47.2 cents per gallon lower than this day one year ago.

Statewide, prices average $2.26 a gallon, down 2.6 cents per gallon from last week's $2.28 a gallon.

"The national average price of gasoline has now slipped nearly 10 cents lower than the 2016 peak, to date, of $2.39 per gallon, bringing greater likelihood that prices for the Fourth of July weekend will be even lower than where they now stand," said Gregg Laskoski, senior petroleum analyst for GasBuddy.

"And if there was any doubt about the direction of retail gasoline, Brexit's impact — strengthening the U.S. dollar; weakening European currencies and weakening global crude oil prices — is expected to add even more downward pressure to summer gas prices despite record-setting demand,” he said in a press release.

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