Friday, December 13, 2024
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Orlando

Gas Prices Fall More

Gasoline prices in Central Florida have fallen again, with the price of a gallon of regular dropping 8 cents to $2.44, AAA Auto Club reported.

The price of a gallon of gas fell 7 cents nationally to $2.47 and in Florida gas prices stood at $2.50.   The price of gas has been falling almost every day since June 21.

Analysts are uncertain in which direction the price of crude oil will go.  Some are predicting that by year end crude will rist to $75 a barrel, while other project that it will drop to $58.   Gasoline prices bear some correlation to the price of crude oil.

During the summer time, invariably the demand for gas jumps in line with with family vacations.  Not so this year, says AAA Auto Club, which has seen very little increase in demand in the past four weeks.  The economic recession, it is believed, has kept many road travelers at home, for a change.

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