Sunday, 21 January, 2018

Gas prices drop below pre-Harvey levels

2.7 million traveling for holiday across metro Washington Gas Prices in Florida Return to Where They Stood Before Hurricane Harvey
Scott Davis | 19 December, 2017, 11:42

"Gulf Coast refineries have completely recovered from the effects of Hurricane Harvey, and are now flooding the market with fuel in anticipation of strong demand during the year-end holidays", Jenkins said on Monday.

Average U.S. gas prices are at their lowest point since Hurricane Harvey hit 110 days ago and caused prices to rise, according to Patrick DeHaan, head of petroleum analysis for GasBuddy.

And here's some good news for travelers: Gas prices keep falling.

The average pump price for a gallon of unleaded regular hit $2.37 on Monday, the lowest since August 30, travel club AAA said in its weekly gas price update. Gas prices have decreased 28.9 cents from last month's average and have decreased by 10 cents from last year's average. It was also just before Labor Day weekend, as Florida residents kept their eyes peeled on Hurricane Irma's forecast path. The state average is falling at a rate of 1 cent per day and prices for the year-end holidays should be on par with, if not lower than past year, AAA said. The averages fell 3 cents in Florida to $2.37 and 4 cents in Georgia to $2.28.




Gas prices in Rhode Island are nine cents above the national average of $2.43 per gallon, and MA is three cents above the national average.

Still, Florida motorists are paying much less than in Pennsylvania ($2.71), NY ($2.63), Washington ($2.94) and California ($3.09), according to AAA figures. Motorists may see trips taking 2.5 times longer than average. Across the nation, on Sunday, gas prices averaged $2.43 per gallon, down from $2.47 the week before. The U.S. average is almost 20 cents higher than this time a year ago.

Drivers can expect pump prices to continue to drop heading into the holiday season as supply strengthens and fall gasoline demand weakens.

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