Although oil prices fell below $90 last week, they quickly rebounded and held steady at $92 a barrel as tensions increased over Iran’s growing potential to build nuclear weapons. A barrel of oil closed Friday on the New York Mercantile Exchange at $92.19—70 cents less than the week prior.
"The good news is gas prices have dropped again across the Southeast," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "However, turmoil and violence continue to escalate in the Mideast and create worry of supply disruptions. If issues in the Middle East intensify, motorists could quickly see a rise in pump prices."
The national average price of regular unleaded gasoline is $3.78, 3 cents less than last week. Florida’s average of $3.70 and Tennessee’s average of $3.55 fell 6 cents from last week. While Georgia’s average price of $3.61 decreased 8 cents from 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: