Most states see gas prices fall

This compares with the national average that has fallen 5 cents per gallon in the last week to $2.55. The average fell 4 cents in Florida to $2.67 and 5 cents in Georgia to $2.67. An over-supplied market past year pushed crude oil prices to historic lows.

"Oil prices are now $51 a barrel, so gasoline prices may not get as low as they were before the hurricanes, when oil was selling for around $47", he said.

The Great Lakes region is usually the most volatile in the country and that market had to make adjustments in the wake of Harvey, though a weekly jump in gasoline inventories led to big declines in gas prices.


Gas prices should decline by as much as 10 cents a gallon this week as fuel inventories return to normal following recent hurricanes, an industry experts said today.

At the close of trading Friday, AAA reports that crude oil settled at $50.66 per barrel, 77 cents higher than the previous week's closing price.

"Gas prices are getting cheaper by the day", AAA spokesperson Jeanette Casselano said in a statement. According to AAA, the national average price of gasoline now stands at $2.58 per gallon, which is down close to 4% from the recent high on 9/10 but still up 10% versus where it was before Hurricane Harvey started spinning in the Atlantic. Drivers can fill up with regular gas for $2.05 a gallon. Drivers in SC (39 cents), Alabama (37 cents), Florida (36 cents), MS (32 cents) and Texas (31 cents) are also paying more. According to GasBuddy, people were filling up for just $2.10 per gallon on average last September 24.


Popular

CONNECT