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Posts Tagged ‘post Hurricane Harvey gas prices’

Average Price for Gasoline Continues Sliding

Inventories building so prices likely to keep falling.

by on Oct.17, 2017

Gas prices are falling as inventories continue to build after the hurricanes. (Photo credit: Brendan Strong)

The price of gasoline continued to drop in states east of the Mississippi River, with the exception of a handful around the Great Lakes, paying as much as eight cents less at the start of this week, according to AAA.

While gas prices are more expensive than a year ago, the past five weeks of sustained weekly declines indicate that demand may be leveling out as travel declines after a busy summer alongside refineries and pipelines returning to pre-hurricane operations, AAA reported.

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“Gas stations are steadily dropping pump prices for the majority of motorists, especially regional markets in the Northeast, Mid-Atlantic, South and Southeast,” said Jeanette Casselano, AAA spokesperson. “Drivers will see stabilized or decreasing prices at the pump throughout this month due to high refinery production rates and seasonal demand.” (more…)

Gas Prices Leveling Off after Hurricane Harvey

Refineries beginning to come back online.

by on Sep.12, 2017

Gas prices are leveling off after hitting a two-year high in the wake of Hurricane Harvey. (Photo credit: Brendan Strong)

Gasoline prices appear to be leveling across the U.S. off despite the disruptions created by two major hurricanes that have battered the United States causing some local shortages, AAA reported in its weekly analysis of fuel prices around the country.

AAA said for the first time in more than two weeks, the national gas price average despite Hurricane Irma’s landfall in Florida with gasoline prices holding steady at $2.67. The national gas price average is just three cents more expensive on the week, which saw a massive evacuation from parts of Florida as the storm approached.

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With a seven-cent increase, Florida, Indiana and Georgia were among the top 10 states who saw the largest gas price increases on the week, while gas prices dropped by one to six cents per gallon in Ohio, Kansas, Kentucky, Missouri, Delaware and Oklahoma, AAA reported.  (more…)