Gas price down slightly as market remains volatile

  • Gas price down slightly as market remains volatile

Gas price down slightly as market remains volatile

Here's some good news to start your week: Gasoline prices in the Bradenton-Sarasota area fell nearly a nickel per gallon in the past week, averaging $2.46 a gallon on Monday, according to GasBuddy's daily survey of area gas outlets.

The average price for a gallon of gasoline in the Meadville area is about the same as the state average.

This compares with the national average that has fallen 1 cent per gallon in the last week to $2.51 a gallon, according to gasoline price website GasBuddy.com.

In Greater Cleveland, prices ranged from a high of $2.59 a gallon on the southwest side of Cleveland on Brookpark Road to a low of $2.17 at Costco in Avon and Sam's Club in Sheffield Village, according to GasBuddy, which relies on its consumer members to report prices as they see them.

Gas in San Francisco was the highest in the contiguous United States at an average of $3.44 a gallon.

Prices in Tampa Bay are averaging at about $2.41 per gallon, which is about 27 cents more than this time a year ago.

"Oil prices remain volatile yet several dollars off recent highs", said Patrick DeHaan, head of petroleum analysis for GasBuddy. Modesto- $3.19/g, up 5.2 cents per gallon from last week's $3.13/g.

Falling crude oil inventories and steady prices for crude remained the rule for the week ended March 9.

"Thus far, we have seen a market that's lacked solid upward movement when it usually sees exactly that", he said. On Tuesday, the EIA released updated its Short-Term Energy Outlook, noting WTI crude oil prices will average $58 per barrel in 2018 and 2019.