By Orlando Business Journal

Orlando motorists can expect to see lower gasoline prices the next couple of weeks as somber economic reports continue to drive oil prices down, according to AAA Auto Club South.

A report released Friday by the Labor Department showed U.S. payrolls decreased by 125,000 in June, a sign the economy is improving at a much slower pace than expected. China also released a report last week showing manufacturing gains increased at the slowest pace in 16 months.

The reports, in turn, caused the price of crude oil to drop $6.72 to settle Friday at $72.14 a barrel on the New York Mercantile Exchange.

⿿We⿿re going to see economic reports drive the price of crude again as we did in the beginning of the year,⿝ said Jessica Brady, manager of AAA public relations. ⿿This is atypical for this time of year since we usually see retail gas prices hit their peak in July. Instead, consumers will see gas prices drop this week and the national average continue to fluctuate between $2.65 and $2.75.⿝

The national average price of unleaded regular gasoline is $2.73 a gallon, a 2-cent decrease from last week. Floridaâ¿¿s average price is $2.67, a 1-cent decrease.

In Orlando, a gallon of self-serve regular currently averages $2.59, down 4 cents from a week ago.

Copyright 2010 American City Business Journals
Copyright 2010