Newspaper article Sarasota Herald Tribune

Gas Prices Leveling, May Slide This Month

Newspaper article Sarasota Herald Tribune

Gas Prices Leveling, May Slide This Month

Article excerpt

FUEL COSTS

Following the run-up in gas prices spurred by OPEC and other non- cartel nations' plans to cut oil supplies, little movement occurred at the pump in the Bradenton-Sarasota-Venice market in the past week.

AAA analysts said that could signal that some moderate declines are on the way.

"Frozen gas prices are a good sign that we could soon see some relief at the pump," AAA spokesman Mark Jenkins said. "Now that the holidays are over and cold weather is moving across much of the country, gasoline demand should drop, and prices could too."

The average price for a gallon of regular gasoline in the area was $2.392, down slightly from the previous day and down about 1.3 cents from a week ago, according to AAA data.

Prices in the Bradenton-Sarasota-Venice market remain about 14 cents higher than they were a month ago, the AAA data showed. …

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