Gas prices dip slightly; no major increases on the horizon

By Palm Beach

DELRAY BEACH — Pump prices have moved little over the past month, and likely won’t, barring a major disruption in supply.

The federal Energy Information Administration in its weekly report, released Monday evening, put the national average price for a gallon of regular at $2.718, compared with $2.726 a week ago and $2.701 a month ago.

EIA said the average for Florida was a comparative bargain at  $2.623 a gallon, down from $2.645 a week ago but up slight from $2.614 a month ago.

Those bargain prices won’t be found anywhere in South Florida, however. AAA put the Palm Beach County average at $2.749 a gallon, down from $2.774 a week ago. In Broward, regular averaged $2.704 a gallon, down from $2.722 a week ago.

"As mentioned before, the price of crude oil will most likely trade between $70 and $80 a barrel for quite some time unless supply and demand are threatened by a hurricane this season," said Jessica Brady, manager, AAA Public Relations. "Retail gas prices may inch up a couple of cents this week, but prices will not fluctuate to a level that should alarm consumers."

The slight downward movement in prices applied to diesel as well. The national average for a gallon fell to $2.903 from $2.924 a week earlier and $2.928 a month ago.

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