AAA: June will bring lower gas prices

9:56 AM, Jun 4, 2012   |    comments
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Tampa, Florida --  Gas prices have fallen by 34 cents in Tampa Bay in the last month and AAA is forecasting prices to continue to fall throughout the month of June.

Why?  You can blame the slow economic recovery and recent jobs numbers that show a rise in the U.S. unemployment rate to 8.2%.

The European debt crisis and a drop in demand for oil in China are also playing a role.

"Across the globe, pessimistic job reports and demand numbers have added nothing but bearish pressure to the market during the past several weeks," said Jessica Brady, AAA spokeswoman, The Auto Club Group. "While none of this is good news, at least it has caused gas prices to fall, providing some relief to motorists. Gas prices are forecast to retreat further in the coming weeks and are well below last year's averages for the month of June."

Today's averages for a gallon of regular gas according to AAA Fuel Gauge Report:

National:  $3.59

Florida:  $3.43

Tampa/St. Petersburg:  $3.34

Hawaii is paying the most at $4.52 for a gallon of regular gas.   South Carolina drivers are paying the least at $3.20.



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