Domestic and international demand numbers continue to fall and have caused oil prices to settle below $90 a barrel. A barrel of oil closed Friday on the New York Mercantile Exchange at $89.88—$2.31 less than the week prior.
Total U.S. fuel demand dropped 0.3 percent in September to 18.3 million barrels a day, the lowest level since April, according to the Energy Department. This comes at a time when domestic crude output rose to its highest level since December of 1996. Internationally, Europe's debt issues continue to stifle demand numbers.
"Gas prices are expected to fall further this week in the Southeast region," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "The falling prices at the pump are starting to provide more relief to motorists who have watched gas prices climb since July."
The national average price of regular unleaded gasoline is $3.81, 3 cents less than last week. Florida’s average of $3.68 fell 2 cents from last week. While Georgia's average of $3.58 and Tennessee’s average of $3.52 both decreased 3 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: