As oil prices reached a standstill with positive U.S. economic news conflicting with the failure of a European debt crisis agreement, South Florida gas prices declined slightly last week.
"Oil prices are stuck between an uncertain future for Europe's financial system and glimmers of hope for an economic recovery in the U.S.," AAA Auto Club Group spokeswoman Jessica Brady said in a news release. "Despite the slight increase in oil prices and the market's bullish sentiment, retail gas prices have actually decreased through the past couple of weeks. Reports from the Department of Energy show stagnant fuel demand numbers and weekly gasoline deliveries are 4 percent behind last year’s numbers. Unless oil prices make significant gains this week, consumers may find minimal changes in prices at the pump."
South Florida fuel average details:
- Miami: A gallon of regular unleaded gasoline was $3.48 a gallon, down from $3.50 a week ago and up from $2.87 a year ago.
- Fort Lauderdale: Regular unleaded was $3.46 a gallon, down from $3.49 a week ago and up from $2.86 a year ago.
- West Palm Beach/Boca Raton: Regular unleaded averaged $3.50 a gallon, down from $3.52 the previous week and up from $2.92 a year ago.
- Florida’s average price of $3.39 is 3 cents less than last week.
- Florida’s average price of $3.39 is 3 cents less than last week, while the national average price of unleaded regular gasoline dropped 4 cents to $3.41 a gallon.