Friday, May 25, 2018
Business

Tampa gas prices take unseasonable dip

After weeks of climbing, Tampa gas prices have taken an unseasonable dip. Data released Monday by GasBuddy showed a drop to $2.38 per gallon in Tampa, matching the current national average.

And both AAA and GasBuddy predict prices could drop a few cents more this week as Memorial Day approaches.

"It's unusual to see gas prices drop as the official kick off to the summer driving season is just a few weeks away," Dan McTeague, senior petroleum analyst for GasBuddy, said.

McTeague cited both supply and demand as factors. "With more refineries coming back online from their semi-annual maintenance, the decline in average pump prices is poised to repeat itself again for the week ahead. Healthy gasoline inventories coupled with moderate demand for gasoline are two factors converging to keep gas prices in check, likely until Memorial Day," he said.

Despite the drop, Florida gas prices for April were still the highest they have been in two years. Tampa's May gas prices, while 22 cents higher than this time last year, are lower than 2015's $2.51 per gallon and $3.65 in 2014.

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