AAA: Gas Prices Falling, Largest Drop Last Week In Florida Was in Brevard County Area
25 October, 2017, 00:59
The average price in Florida was $2.42 per gallon on Monday, having dropped 38 consecutive days according to the American Automobile Association.
The national average for a gallon of gas fell more than penny last week as refineries continue to boost production in the wake of the late summer hurricanes.
According to GasBuddy, area prices range from $2.54 a gallon in Idaho Falls to $2.64 in Bannock County and $2.46 in Jackson, Wyoming.
BOISE National average gas prices have started the slow march toward anticipated seasonal lows, and Idaho prices are beginning to follow suit, says AAA.
"Motorists should expect another round of discounts at the pump this week", AAA spokesman Mark Jenkins said. The savings are starting to help their pocketbooks, but Gem State drivers are still paying the 8 th highest gas prices in the nation. In Mississippi, the statewide average peaked at $2.49 about two weeks after the hurricane and have been declining since, Redman said. In nearby San Bernardino and Riverside, prices dropped to $2.94 per gallon and $2.97 per gallon respectively.
The national average dropped 1.6 centers per gallon to $2.44 per gallon, GasBuddy reported. "Retail prices remain about 5 to 10 cents higher than where they should be, based on current fundamentals".
DeHaan said prices "may continue to decline for a few weeks before leveling off as gasoline inventories continue to heal after Harvey".
According to the Energy Information Administration, domestic crude oil exports have increased to 1.8 million barrels per day, Conde said.
Gas prices are still higher than the $2.17 best of August, but consumers should be happy there has been more than three years of fuel stability, said Patrick DeHaan, senior petroleum analyst for GasBuddy. The national average has been below $3 per gallon for close to three years in part because of lower crude oil prices, which are still about half what they were in 2014.
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