The price of gas in Tampa Bay in going up again because the world markets showed more confidence in a potential European bank bailout.
A gallon of regular unleaded in Tampa Bay now averages $3.39 per gallon, compared to $3.35 a week ago and $3.40 a month ago.
Tampa Bay is getting a bargain on that price because, statewide, a gallon now averages $3.46 per gallon, compared to $3.43 a week ago and a month ago.
AAA Auto Club South Spokesperson Jessica Brady explains that the gradual rise in price happened as European politicians moved closer to a potential $1 trillion-plus bailout of the Greek economy.
There is also some evidence that diesel demand is rising along with the U.S. manufacturing sector. Together with lower crude oil
inventories, crude oil prices only inched up 60 cents to $87.40 per barrel.
Brady says, “Prices are likely to continue their upward trend through the remainder of October until news is released on whether or not agreements were made and a final plan presented for Europe’s bailout.”