WUFT News

Oil prices up, but maybe not for long

By on May 2nd, 2011

Although gas prices spiked 6 cents in Florida this past week, the price may drop very soon. AAA Auto Club South Spokeswoman Jessica Brady says oil prices are falling following the death of Osama bin Laden.

“Oil dropped because of speculation that his death will actually ease back some of the turmoil over in the Middle East. If that’s the case, and if this continues, we could actually see gas prices drop a bit next week,” she says.

Brady says weaker demand from China will also help push down oil prices, although it is hard to tell exactly how much. The average price per gallon in Florida is currently $3.88. Brady says the main reason for the rise this week in Florida was the closure of 7 refineries across the Southeast because of bad weather, but the refineries are expected to open by the middle of the week.


This entry was posted in Florida. Bookmark the permalink.
 

More Stories in Florida

Program Gives Foster Youths Chance For More Normal Life

A recent pilot program is making it easier for young people in foster care to earn a driver’s license and insurance for them to achieve a more normal life.


Police Identify Shooter as FSU Alumnus

The gunman who shot three people at Florida State University’s library early Thursday before being killed by police was a lawyer who graduated from the school, a law enforcement official told The Associated Press.


Undated arrest photo of Chadwick Banks.

Chadwick Banks Executed By Lethal Injection For Double-Murder

Chadwick Banks became the 20th person executed under Gov. Rick Scott on Thursday. The 43-year-old was put to death after being convicted in the 1992 slaying of his wife, Cassandra Banks, as well as the rape and murder of his 10-year-old stepdaughter, Melody Cooper. Eighty-nine people have been put to death in Florida since executions resumed in the state in 1979.


Pastor Zach Zehnder of theCross Church in Mount Dora speaks to the crowd in an attempt to break the Guinness World Record for world’s longest speech marathon. Zehnder ultimately spoke for more than 53 hours.

Mount Dora Pastor Attempts To Break Guinness World Record For Longest Speech

A Mount Dora pastor may have broken the Guinness World Record for the Longest Speech Marathon. The speech, which lasted over 53 hours, was used to raise money for a local cause.


(From left) Mitch Holeve celebrates Garrett "G-Money" Holeve's victory against David "Cerebral Assassin" on Saturday night. G-Money won by submission.

MMA Fighter G-Money Victorious Over Cerebral Assassin

Mixed martial artists Garrett “G-Money” Holeve and David “Cerebral Assasin” Steffan fought on Saturday in Sullivan, Missouri. G-Money defeated his opponent in their much anticipated bout by submission in the second round.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Day Sponsorship Payments
Underwriting Payments