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Gas prices down almost a dime since January

AAA officials say a strengthened U.S. dollar is the main reason for cheaper gas prices since January.

A gallon of regular gasoline cost about $2.61 in the Tampa Bay area Monday, about 9 cents cheaper than Jan. 8.

The price is down even 4 cents from last week, according to AAA's Web site.

Statewide, regular gasoline costs $2.69 a gallon, down 8 cents since January.

Still, a year ago, Florida prices for regular gas were about $1.99.

AAA spokeswoman Jessica Brady said cheaper crude oil prices and reduced demand for commodities in recession-battered Europe, which accounts for 18 percent of global oil demand, is also responsible for driving down prices.

Crude oil prices have dropped to a seven-week low, she said. They should stay on the decline providing the dollar continues to make gains on the euro, she said.

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Gas prices down almost a dime since January 02/08/10 [Last modified: Wednesday, February 10, 2010 2:21pm]
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