Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Tampa Bay area gas prices inch closer to $4, but lower demand slows increase

While the national average price of gasoline inches closer to $4, Tampa Bay motorists likely won't see that for a while, according to AAA.

The average price for regular gas in Tampa on Thursday was $3.90 a gallon. The Florida average was $3.93.

Prices continue to rise in Florida — 5 cents in the past week — but at a slower pace because demand is down, said Jessica Brady, a spokeswoman for AAA Auto Club South.

"Right now, the main factor pushing prices is that fuel demand is down," Brady said.

This was the first time this year that behavior has affected prices, Brady said. Unrest in the Middle East was previously the biggest factor driving gas prices.

Investors are now paying attention to a consistent trend. An excess of 2 million barrels in the U.S. stockpile of 365 million barrels shows that demand is down, Brady said.

Crude oil was trading at about $99 a barrel, down $9 from Wednesday. If prices close in a similar way this week, price increases may continue to slow.

Drivers may be rethinking weekend trips, consolidating drives for errands and taking lunch to work instead of driving to a restaurant, Brady said.

Gas prices are at least a dollar more per gallon than a year ago. But it could be worse: In Alaska and California it's $4.27 a gallon for regular unleaded.

Reach Ileana Morales at (813) 226-3386 or imorales@sptimes.com.

Tampa Bay area gas prices inch closer to $4, but lower demand slows increase 05/05/11 [Last modified: Thursday, May 5, 2011 10:48pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Will Brad Culpepper win it all on Wednesday's 'Survivor' finale?

    The Feed

    Heading into Wednesday's finale of Survivor: Game Changers, former Tampa Bay Buccaneer Brad Culpepper said his fans need to know there are still plays to make before the end zone.

    "The Tables Have Turned" - Brad Culpepper, Tai Trang and Hali Ford on the fourth episode of SURVIVOR: Game Changers on the CBS Television Network. Photo: Jeffrey Neira/CBS Entertainment
  2. Forecast: Dry, muggy conditions for Tampa Bay before severe storms, possible tornadoes arrive ahead of cold front

    Weather

    Tampa Bay residents can expected a muggy, dry day Tuesday ahead of a cold front and a string of severe storms slated to arrive late Wednesday.

    Tampa Bay's 7 day forecast. [WTSP]
  3. Islamic State group claims responsibility for Manchester blast after Ariana Grande concert

    Public Safety

    MANCHESTER, England — The Islamic State group says one of its members planted bombs in the middle of crowds in Manchester, England, where 22 people died in an explosion at an Ariana Grande concert in the city.

    Emergency services work at Manchester Arena after reports of an explosion at the venue during an Ariana Grande gig in Manchester, England Monday, May 22, 2017. Several people have died following reports of an explosion Monday night at an Ariana Grande concert in northern England, police said. A representative said the singer was not injured.  [Peter Byrne | PA via AP]
  4. Five recipe ideas for cooking with sparkling wine

    Cooking

    With high school and college graduation season upon us, you might find yourself stocking up on sparkling wine (if you don't normally). Though the obvious choice is to drink it all, you may find yourself with leftovers after all the parties are over. These five recipe ideas will use up that grad-friendly bubbly so …

    Sparkling Wine Risotto takes risotto up a notch.