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Happy holidays: Gas prices are probably staying this low

Gas prices were on a downward tear toward $2 in recent weeks, but the end to that streak may be near. Pictured is a Bob Lee’s employee in St. Petersburg pumping gas in 2017. [SCOTT KEELER   |   Times, 2017]
Gas prices were on a downward tear toward $2 in recent weeks, but the end to that streak may be near. Pictured is a Bob Lee’s employee in St. Petersburg pumping gas in 2017. [SCOTT KEELER | Times, 2017]
Published Dec. 10, 2018

Gas prices across the state may be nearing a pricing plateau.

After inching down for seven straight weeks, state gas prices averaged $2.28 a gallon Monday, while Tampa Bay prices averaged $2.12 a gallon — both down five cents over the week, according to AAA, the Auto Club Group.

But the plummet may not continue for long, spokesman Mark Jenkins said, as crude oil prices rise.

"Oil prices are beginning to increase after (the Organization of the Petroleum Exporting Countries) announced a production cut agreement on Friday," Jenkins said in a release. "Regardless, drivers should continue to enjoy low gas prices through the end of the year, unless oil prices suddenly spike."

Nationally, gas was $2.42 per gallon. Tampa Bay had the lowest priced gas on average Monday of any metro area in Florida.

Contact Malena Carollo at mcarollo@tampabay.com or (727) 892-2249. Follow @malenacarollo.

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