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Gas prices falling as weather heats up

Aside from sunny skies, the return of warm weather is giving Tampa Bay residents another reason to cheer: lower gas prices.

AAA expects gas prices, which hit a 15-month high last week, will ease up this week.

The combination of unusually cold January weather, a waning U.S. dollar, and closings of refineries for maintenance over recent weeks pushed crude oil and retail gas prices to a 15-month high, said Jessica Brady, AAA spokeswoman, in a news release.

But AAA has seen crude oil prices decline for five straight days, as the state heated up and the dollar made gains of about $1.40 against the Euro.

Demand for commodities, including crude oil, has decreased because of the strengthening dollar, she said.

"This will hopefully push retail gasoline prices down in the coming week," she said.

The national price for a gallon of unleaded regular gas is $2.74.

Florida's average is $2.80, about 93 cents more than this time last year, according to AAA.

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Gas prices falling as weather heats up 01/18/10 [Last modified: Monday, January 18, 2010 10:35am]
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