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Drivers thankful for a cheaper tankful

Gas prices dropped sharply over the weekend, leading some local stations to lower the price of regular below $3 a gallon. A Citgo station on U.S. 301 in Tampa offered regular for $2.85 a gallon, according to In the Tampa-St. Petersburg-Clearwater area on Monday, regular unleaded gas averaged $3.26 a gallon, 15 cents lower than Friday's price, according to the AAA Fuel Gauge report. "We're forecasting that retail prices will continue to drop this week," said Randy Bly, spokesman for AAA. Gas prices had remained high as oil prices dropped because refinery outages from hurricanes Ike and Gustav led to lingering supply problems. Refineries are now near full strength, while the battered economy has weakened demand. The uptick in crude oil prices Monday should not push gas prices back up, Bly predicted. If oil prices remain stable, gas prices could fall to the $2.80- to $3-a-gallon range, he said. He also noted that there are signs that OPEC could curb production at a meeting next month in an effort to keep crude oil prices from falling below $80 a barrel. For this week, though, prices should continue to fall. "Who can look beyond that?" Bly asked.

Times staff

Drivers thankful for a cheaper tankful 10/13/08 [Last modified: Tuesday, October 14, 2008 12:04pm]
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