TAMPA (WTOC) -
For
the first time since January, the weekly average price for a gallon of gas has
retreated, according to AAA The Auto Club Group.
Gas
prices have climbed since mid-January and broke records, making February's
average of $3.65 the highest in history.
Oil
prices also fell last week after reports of poor manufacturing data in China
and Europe created concern of a decrease in global fuel demand.
"We're
starting to see the inflated price of oil and gas drop to more appropriate
levels given the economic circumstances," said Jessica Brady in a news
release, spokeswoman, AAA-The Auto Club Group. "This is the first week
since January that gas prices have decreased. Hopefully this trend continues
throughout March. However, March is the peak time for refinery maintenance to
occur which could keep upward pressure on gas prices."
The
value of the dollar also increased against foreign currencies and helped push
oil prices lower.
"Motorists
should see gas prices ease back a little more this week." stated Brady.
The
national average price of regular unleaded gasoline is $3.75 per gallon, 3
cents less than last week. Georgia's average of $3.71 per gallon fell 6 cents
from last week, according to AAA The Auto Club Group.
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