Latest Headlines
- Tate Showband Of The South Has A New Director
- Pine Meadow’s Cassi McGee Received Florida Outstanding Teacher Leadership Award
- Highway 168 Bridge Reopened Friday After Repair Completed
- Bicyclist Critical After Being Struck By Vehicle In Century
- Two Century Correctional Officers Charged With Smuggling Drugs Into The Prison
- More Details Released In Case Of Man Accused Of Killing Estranged Wife
- Florida Forest Service Announces $2 Million For Florida Landowners To Improve Forest Health
- Friends Of The Library Hot Summer Book Sale Going On Through Sunday
- Escambia Animal Shelter Has Free Cat And Dog Adoptions Through July 31
- Martorella’s Clutch Hit Ignites Blue Wahoos Walk-Off Win
Florida Gas Prices Slide Downward
August 12, 2019
Florida gas prices declined nearly 10 cents last week as global demand concerns keep downward pressure on the price of crude.
Florida drivers are paying an average price of $2.44 per gallon – a discount of 8 cents from last week. The state average has declined the past 25 consecutive days for a total of 26 cents per gallon.
In Escambia County, the average price per gallon Sunday night was $2.49, down a nickel from last week. The North Escambia low price Sunday night was $2.29 at a station in Cantonment.
“Gas prices remain closely tied to weekly moves in the price of oil,” said Mark Jenkins, spokesman, AAA-The Auto Club Group. “The oil market remains concerned about how the ongoing US-China trade war is impacting the global economy, and subsequently oil demand. Last week, oil plummeted after reports that global oil demand in the first half of 2019 grew at the slowest rate in 11 years. However, crude recovered after OPEC announced plans for additional crude production cuts, later this year. Unless oil prices unexpectedly surge this week, drivers should expect gas prices to remain at or below current levels this week.”
NorthEscambia.com photo.
Comments