Published: Ср, Сентября 27, 2017
World Media | By Shelia Harmon

Gas Prices Decreasing After Hurricanes Harvey And Irma

Gas Prices Decreasing After Hurricanes Harvey And Irma

In New Hampshire, the price was $2.60 per gallon, down 4.9 cents from the previous week.

The national average was $2.52 per gallon, down from $2.62 the prior week, but up from $2.35 last month and $2.21 a year ago.

Including the change in gas prices in Texas during the past week, prices yesterday were 51.5 cents per gallon higher than the same day one year ago and are 28.3 cents per gallon higher than a month ago. Locally, fuel prices are 8 cents lower than their post-Harvey high, while the national average dipped nearly 12 cents.

An emailed market report from GasBuddy.com, however, said the price drop was so intense that the Great Lakes market may be primed for a "reset" over the next few days.

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The average price of gas in Florida is $2.67 and Jenkins says it could drop by as much as 10 cents in the upcoming week. "We're still getting back on our feet in the Southeast".

Pueblo's average price of $2.45 was down 2 cents from a week ago. The highest was about $2.54 per gallon in the Marquette area. But prices at the pump are still $1.08 per gallon less than at this time of of the year in 2012 when regular gas sold for $$3.57 a gallon in Chattanooga.

Autumn is normally a time when gasoline prices fall a bit faster, since oil refineries have switched to producing cheaper winter-grade gasoline. That may have helped bring down prices a bit, but DeHaan says there are other economic forces at work that may limit the benefit to consumers.

The spike in gasoline prices that followed Hurricane Harvey is beginning to subside.

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