Gas Prices Down Again...One 'Boro Discounter $3.04

Oct 10, 2011 at 07:16 am by bryan


Oil prices made minimal gains last week after reports from the U.S. Labor Department showed September's payrolls increased by 103,000 workers, with an initial growth forecast of 60,000. U.S. oil supplies decreased more than projected last week and fell approximately 4 million barrels. The positive news resulted in crude oil settling Friday at $82.98 a barrel on the New York Mercantile Exchange--$3.78 more than the week prior.

While economic woes in Europe continue, measures are being made to stimulate growth by making it easier for banks to supply loans. Last week is the first time in a month that positive economic news was released and caused oil prices to increase.

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"Retail gas prices fell for the past month as the price of oil continued to drop. Although oil prices increased last week, consumers will not likely see pump prices rise, but instead remain relatively unchanged from last week's averages," said Jessica Brady, spokesperson, AAA. "The positive economic news released last week will likely serve as a band aid to temporarily ease investor concerns about the economy."

The national average price of regular unleaded gasoline is $3.39 per gallon, 3 cents less than last week. Florida’s average price of $3.35 fell 4 cents last week, while Georgia’s average price of $3.24 decreased 3 cents. And, Tennessee’s average price of $3.20 dropped 2 cents from last week, respectively.  One discounter here in Murfreesboro was offer $3.04 per gallon regular gas, but most were in the $3.07-$3.09 range. 

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