AAA: Gas price decline slows, but likely to continue

The national average price for a gallon of gasoline dipped a mere two cents since last week to $3.22 today, while Gainesville saw a reduction of three cents to $2.90, and the statewide average for a gallon of regular unleaded is down three pennies.

Prices had been falling by more than twice as much recently, but AAA says the arrival of Hurricane Francine to the Gulf Coast created some temporary issues for nearby oil production and refining.

“Gasoline prices have been plunging lately, and it is not uncommon to see them take a bit of a breather during hurricane season,” says AAA spokesman Andrew Gross. “Gasoline demand and oil costs are low, so pump prices may soon resume a slow descent. There are 14 states with averages below $3 a gallon, and several more may soon follow.”

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