Gas prices drop 7 cents in Tampa Bay in 'volatile' oil market

Darnell Taylor
March 12, 2018

Oil prices remain volatile yet several dollars off recent highs.

GasBuddy.com said, after surveying 361 gas outlets in Baton Rouge, "average retail gasoline prices in Baton Rouge have fallen 3.8 cents per gallon in the past week". That compares to $2.30 one year ago.

A separate survey by AAA Auto Club also released today said that average gas prices fell across Tennessee by an average of 1.5 cents per gallon with the cheapest fuel prices in the state in Southeast Tennessee.

That's also up about 24 cents from this time a year ago.

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AAA's survey of more than 130,000 service stations across the country showed that Tennessee gas prices averaged 21 cents a gallon less than the US average and fell to a statewide average of $2.32 per gallon. But other areas saw increases - Akron up 5.3 cents to $2.33, and Cleveland up 7.7 cents to $2.38.

Across the Great Lakes region, the average price per gallon is $2.47 in Wisconsin, $2.48 in IN, $2.49 in Minnesota, $2.54 in IL, $2.58 in MI, and $2.69 in NY.

Atlanta- $2.41 per gallon, down 4.1 cents per gallon from last week's $2.45 per gallon. According to GasBuddy historical data, gasoline prices on March 12 in Sacramento have ranged widely over the last five years: $2.87/g in 2017, $2.38/g in 2016, $3.28/g in 2015, $3.75/g in 2014 and $4.04/g in 2013. Crude prices have been under pressure lately as forecasts for USA oil production over the next several years continue to indicate big increases. This could lend weight to oil prices being too high, but at the same time, we continue to see if any major disruptions occur at USA refineries to offset any devaluation in the price of oil.

For live fuel price averages, visit this site .

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