AAA: Gas prices to drop

Look for gas prices to start heading downward this week, predicts AAA.

Since New Year's Day, oil prices have dropped but gas prices climbed 20 cents a gallon nationwide, and 15 cents in Florida. That "disconnect" will end this week, according to AAA's weekly report.

"It's rare when retail gasoline prices are not moving in the same direction as crude oil prices; given current supply and demand, they should both be decreasing," said Gregg Laskoski, spokesman for AAA. "We should expect to see retail gasoline prices decline this week, barring any major disruptions to the oil infrastructure."

The price of a gallon of regular in the Tampa Bay area fell overnight, to $1.779 from $1.78. That's higher than the month-ago price of $1.65, but a much better bargain than last year's price at this time: $3.10 a gallon.

AAA: Gas prices to drop 01/12/09 [Last modified: Monday, January 12, 2009 10:32pm]

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