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. Exploratory Lab Boot Camp provides real-life technology training to students

    Science

    CLEARWATER — At this graduation ceremony featuring some of the brightest local minds in tech, it was the youngsters who stood out.

    Laszo Leedy, 17, a senior at Shorecrest Prep, presents part of his team's project for SPC's Exploratory Lab Boot Camp. Students presented their ideas at the end of the SPC Exploratory Lab Boot Camp. The program provides real-time business training to students. This year's graduation celebrated 15 students that finished the program. 
[JIM DAMASKE   |   Times]
  2. Editorial: Trump, not military, should set troop levels in Afghanistan

    Editorials

    There is no task more solemn for any American president than the decision to send troops off to war. In delegating authority over troops levels in Afghanistan to the Pentagon, President Donald Trump has shirked his obligation to own and defend his Afghan policy, while further divorcing America's military strategy there …

  3. North Korea says it's 'biggest victim' in U.S. student's death (w/video)

    World

    SEOUL, South Korea — North Korea on Friday called itself the "biggest victim" in the death of an American student who was detained for more than a year and died days after being released in a coma.

    Mourners line the street after the funeral of Otto Warmbier, Thursday, June 22, 2017, in Wyoming, Ohio. Warmbier, a 22-year-old University of Virginia undergraduate student who was sentenced in March 2016 to 15 years in prison with hard labor in North Korea, died this week, days after returning to the United States. [Associated Press]
  4. Kentucky recruit, former Tampa Catholic star Kevin Knox among top prospects for 2018 NBA Draft

    Preps

    Less than 24 hours after the NBA Draft, analysts have already begun looking ahead to 2018.

    Tampa Catholic star Kevin Knox finishes a layup during the McDonald's All-American game in March at the United Center in Chicago. [LOREN ELLIOTT | Times]
  5. Editorial: Pinellas cannot ignore homeless families

    Editorials

    They are living on our streets and in our parking lots, in cheap motels and spare bedrooms if they're lucky and in old cars if they are not. Their kids attend our schools, and parents often are afraid to seek help. Pinellas County has made progress in recent years in providing temporary shelter for the homeless, but …

    
Ariana Turner, 22, and her daughter, Namine Cowell, 2, are living at St. Petersburg Free Clinic Family Residence after falling on hard times. Pinellas County has made progress in recent years in providing temporary shelter for the homeless, but homeless families with kids are virtually shut out. It's a crisis that requires public and private leadership to find an answer that is both compassionate and cost-effective.