The average price for a gallon of gas in Gainesville this week is up two cents a gallon from last Monday – to $2.91. The state average is up a penny – to $2.92. Meanwhile, the national average decreased from $3.17 to $3.16.
AAA says even though this is the time of year when we typically see seasonal increases and rising demand, the price of crude oil has been plunging. A couple of factors are at play: economic concerns and the decision by OPEC+ (the group of oil-producing countries) to increase output and add more oil to the market, despite tepid demand.