Good news for students planning to travel home for the long weekend: Gas prices statewide have reached an all-time low for the year so far.
According to AAA’s Daily Fuel Gauge Report, one gallon of regular gas is going for about $3.35 in Gainesville.
One month ago, prices were about a dime higher with regular gas selling for $3.43. A year ago, a gallon of regular was $3.54, according to the report.
Local prices are slightly above the national average for unleaded gasoline as well as the average price in Florida, both $3.23, according to the report.
The drop could be attributed to an increase of oil supplies, pushing both gas and oil prices lower, according to a AAA fuel price brief.
A barrel of oil was traded below $95 for the first time since June because of inflation. U.S. stockpiles also increased the nation’s fuel supplies by 4 million barrels, according to the AAA fuel price brief.
Dianne McDonald, AAA manager, said the low gas prices are beneficial to students and locals for the upcoming breaks.
This will give locals who may not have been able to afford the higher gas prices earlier in the year a chance to travel during Thanksgiving Break, she said. Lower prices are expected to continue for the rest of the month.
Teresa Zamor, a 20-year-old UF health science junior, said she looks for the lowest gas prices to fill up her tank for the long trips home.
“Even though some of the gas stations differ in prices within a couple of cents, those cents become dollars, and it will eventually add up,” Zamor said. “I hope they continue to stay low until I can visit home.”
A version of this story ran on page 4 on 11/7/2013 under the headline "Gas prices hit low for the year at $3.35"
Business administration junior Ricky Harris, 27, fills his tank at the BP gas station at 931 W. University Ave. on Wednesday afternoon. The average price for one gallon of regular gas in Gainesville is $3.35.