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AC_Beyond2012E

TAMPA, Fla. (Feb. 19, 2012) – Both oil and gas prices climbed last week after headlines reported an improving U.S. economy, Greek bailout plan, and heightened tensions with Iran. The closing price for a barrel of oil reached a nine-month high and gas prices continue to hit record prices for the month of February. The national average price for a gallon of gas is $3.55, with two states, California and Hawaii, already surpassing $4 a gallon. A barrel of oil closed Friday at $103.24 on the New York Mercantile Exchange--$4.57 more than the week prior.

The Commerce Department reported U.S. contractors broke ground on more homes than originally forecast in January and the Labor Department announced insurance applications for the unemployed fell by 13,000 in the second week of February to 348,000. These two pieces of information were taken as positive indicators the U.S. economy is improving and were enough to help support increased oil prices, despite continued news of lackluster demand.

European leaders are scheduled to meet Monday to discuss the final details of another bailout plan for Greece. This news alone added optimism to the market and increased speculation a resolution will soon be in place to help the indebted country and repair global fuel demand. This comes at a time when tensions with Iran worsen as stricter sanctions are placed on the country to curb their nuclear efforts. Oil prices are expected to increase again this week on concerns Iran will disrupt oil shipments on the Strait of Hormuz and halt exports to French and British companies.

“A couple of weeks ago, it looked as if consumers might see some relief at the pump after oil prices traded below $100 a barrel for several consecutive weeks, but that is no longer the case,” said Jessica Brady, AAA spokeswoman, The Auto Club Group. “The price at the pump continues to increase and break monthly records and it doesn’t look like relief will come anytime soon. Global headlines fueled a bullish market last week and pushed oil prices to a nine-month high.

“Although U.S. fuel demand remains sluggish and it’s evident consumers are doing what they can to cut associated costs, it’s not having a significant impact on the market. Retail gas prices are expected to increase further this week and will likely do so well into March, making $4 a gallon more of a reality come spring.”

The national average price of regular unleaded gasoline is $3.55, a 5 cent increase from last week. Florida’s average of $3.67 and Tennessee’s average of $3.48 both increased 4 cents from last week. Georgia’s average price of $3.54 increased 2 cents from last week, respectively.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Current              Week Ago         Month Ago        Year Ago

National:           $3.556              $3.509              $3.382              $3.163

Florida:             $3.672              $3.634              $3.469              $3.147

Georgia:           $3.547              $3.521              $3.384              $3.091

Tennessee:       $3.488             $3.448              $3.273              $3.020

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AC_Beyond2012EGAINESVILLE – If the earth was an artist’s canvas subject to redesign, parts of eastern Alachua County would like vastly different thanks to some UF students’ creative imaginations.

Using design boards and sticks, students presented development ideas for Plum Creek lands in eastern Alachua County recently at the Curtis M. Phillips Center.

These ideas included the creation of mixed urban and agricultural areas, the aligning of buildings to capture solar energy and the conservation of rain to water the earth, among others.

“I was coming in…expecting to be kind of impressed” said Robert Hutchinson, member of the task force that evaluates the ideas, “but I was amazed.”

Plum Creek is the largest timber landowner in the U.S. with about 7 million acres nationwide and 65,000 acres in Alachua County.

The student projects were semester-long graduate work in the UF College of Design, Construction and Planning.

Eco Fusion, one of the 12 projects, looked at the orientation of buildings to capture as much sunlight for energy use, said Mary Padua, associate professor at the department of landscape architecture.

The group also considered how it could conserve the water from storms to use to water the earth, Padua said.

Pierce Jones, extension program leader for Energy Programs at UF pointed out the financial savings from sustainable planning.  He gave a real-life example of a plan later revised to use less land-area.

The savings in road construction was about $145 million and in fuel costs a year was substantial, Jones said.

“If you don't design right, the cost of living will be unsustainable,” Jones said.

Cluster Drape, another student group, incorporated the use of algae for fuel as an alternative to gasoline, said Oneil Howell, 30, architecture major.

One drawback to the algae production, however, was that it could be harmful. But this negative could also be a positive, Howell said, as it could generate more jobs for researchers to maintain the plant.

A contract with Alachua County allows the timber company to build one residential unit for every five acres it owns, said Powell, real estate director for Plum Creek.

And with about 65,000 acres in Alachua County owned by the company, the contract would allow the company to develop about 13,000 residential areas in Alachua County.

Graduate student Wes MacLeod said he did not agree with the company developing lands in eastern Alachua.

“A more sustainable solution would be developing a place that is already developed,” he said.

Powell, however, said that while they are allowed to build, they plan to develop only a small portion of the eastern Alachua County and conserve as much as 22,000 acres in the county.

Alachua residents are encouraged participate in the meetings to discuss what would be best for the community. Participants are encouraged to register at www.envisionalachua.com.

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AC_Beyond2012E GAINESVILLE - Average retail gasoline prices in Gainesville have risen 3.8 cents per gallon in the past week, averaging $3.66/g yesterday. This compares with the national average that has increased 3.3 cents per gallon in the last week to $3.47/g, according to gasoline price website GainesvilleGasPrices.com.

Including the change in gas prices in Gainesville during the past week, prices yesterday were 47.1 cents per gallon higher than the same day one year ago and are 18.5 cents per gallon higher than a month ago. The national average has increased 12.3 cents per gallon during the last month and stands 34.8 cents per gallon higher than this day one year ago.

"Retail gasoline prices have continued to slowly rise across a majority of the United States," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "With the exception of one state- Wyoming- all states are seeing their gasoline prices averaging over $3/gallon again, with some of the largest cities- New York City and Los Angeles closing in on $4/gallon," DeHaan said.

About GainesvilleGasPrices.com

GasBuddy operates GainesvilleGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.

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AC_Beyond2012E GAINESVILLE- Average retail gasoline prices in Gainesville have risen 4.7 cents per gallon in the past week, averaging $3.62/g yesterday. This compares with the national average that has increased 3.0 cents per gallon in the last week to $3.43/g, according to gasoline price website GainesvilleGasPrices.com.

Including the change in gas prices in Gainesville during the past week, prices yesterday were 47.0 cents per gallon higher than the same day one year ago and are 16.9 cents per gallon higher than a month ago. The national average has increased 10.2 cents per gallon during the last month and stands 31.9 cents per gallon higher than this day one year ago.

"The national average has continued on its upward trend as we move closer to spring and EPA-mandated cleaner burning gasoline," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The smaller movements in gasoline prices as of late in areas of the country will certainly not hold much longer. Gasoline prices tend to start moving significantly higher towards the end of February and into mid-March, so motorists should be preparing for higher prices," DeHaan said.

 

GasBuddy operates GainesvilleGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area.

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