West Texas Intermediate crude is trading around $46 per barrel. The prices across the nation are encouraging, because just a year ago, 100 percent of gas stations were selling gas at over $2.50 per gallon. “49 of the nation’s 50 states saw gasoline prices falling an average of six cents a gallon during the last week, while the Midwest, previously hit with price spikes, saw among the biggest declines as a few refiners returned from maintenance, easing supply concerns”.
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The price in Palm Beach County averaged $2.32 per gallon, down 2 cents from a week earlier and the same as a month earlier. “Once those barrels start to flow, we could really start to see gas prices tank in the San Antonio area” Speer said.
Other analysts note that wholesale prices, enjoying a long slide, bounced back slightly in recent weeks.
Gas prices in South Florida are dipping again and should fall further by the end of the year, travel club AAA said.
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AAA found self-serve, regular selling for as low as $1.92 per gallon and as high as $2.55. The national average has decreased 3.7 cents per gallon during the last month and stands 84.5 cents per gallon lower than this day one year ago. From October. 19, 2014 to February 2 of this year, gallon prices lost a third of their value and bottomed out at $2.27.
