TAMPA, Fla. — Oil prices fell below $95 a barrel last week as the U.S. and international economic outlook was less than optimistic.

Crude oil settled Friday at $93.01 a barrel on the New York Mercantile Exchange—$6.28 less than last week. The International Monetary Fund cut the U.S. economic growth outlook to 2.5 percent this year, from the projected 2.7 percent based on a slow economic recovery and poor job market.

Consumer sentiment in the U.S. also fell to 71.8 in June from 74.3, according to a Thomson Reuters report.  U.S. stockpiles of crude oil rose to the highest level in almost 30 years in the month of May with a total of approximately 367 million barrels. The European debt crisis continues to push oil prices below $100 amid concern the global economic recovery will remain at a reduced pace than initially expected and lower global fuel demand.  

"Oil prices are expected to drop further this week and push retail gas prices even lower," said Jessica Brady, spokesperson, AAA Auto Club South. "Retail gas prices reflected minimal decreases for the past two weeks as oil prices hovered around $100 a barrel. Now that oil prices dropped below $95, consumers can expect gas prices to fall another 5 to 10 cents this week."                                                

The national average price of unleaded regular gasoline is $3.65 a gallon, 5 cents less than last week. Florida’s average price of $3.59 and Tennessee’s average price of $3.45 both reflect a 4-cent decrease from last week. Georgia’s average price of $3.56 reflects a 2-cent decrease from last week, respectively.