Oil prices surpassed $101 a barrel last week, but quickly fell back below $100 after the value of the euro dropped, with European leaders acknowledging that resolution of the debt crisis will take longer than anticipated. Crude oil settled Friday at $97.41 a barrel on the New York Mercantile Exchange, $3.15 more than the week prior, reports AAA
Gasoline prices continue to decline due to lackluster demand. Gasoline demand is 3.6 percent less than it was a year ago. Demand for diesel, however, has risen with global infrastructure development. Diesel prices are up to nearly $4 a gallon.
“Thanksgiving travelers will get a bit of a break at the pump this year,” said Jessica Brady, AAA spokesperson for The Auto Club Group. “There’s a good chance gas prices will continue to drop into Wednesday.” The national average price of unleaded regular gasoline is $3.35 a gallon, 7 cents less than last week. Florida’s average price of $3.36 is 5 cents less than last week. The average price of gas in metro Orlando is $3.323, down 5.5 cents from last week’s average of $3.378.
http://www.bizjournals.com/mobile/orlando/news/2011/11/21/orlando-gas-prices-down-5-cents.html
