"Although gas prices are forecast to remain relatively stable throughout the month, if a plan is announced to resolve the nation’s debt issues, we could see gas prices inch back up,” said Jessica Brady, AAA spokeswoman, The Auto Club Group. "Gas prices are still about 10 cents higher than year-ago levels."
History has shown once December 31 arrives, the market tends to rally on economic optimism for the New Year. The rally usually causes both oil and gas prices to increase at the start of January.
A barrel of oil closed Friday at $88.91 on the New York Mercantile Exchange—63 cents more than the week prior.
The national average price of regular unleaded gasoline is $3.39, 4 cents less than last week. Florida’s average of $3.37 decreased 2 cents from last week. Both Tennessee’s average of $3.17 and Georgia’s average price of $3.28 remain the same as last week, respectively. Visit AAA’s Daily Fuel Gauge Report to find national, state, and local metro market retail gasoline prices.
Current and past gas price averages: National: