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AAA: Gas prices slowly sliding toward seasonal savings
25 October 2017, 12:58 | Lionel James
Gas Prices Down Again at the Pump in Columbia
The least expensive gas price averages in Florida on Monday were in Tampa-St.
Idaho's retail gasoline prices fell 3.1 cents per gallon in the past week, averaging $2.62 per gallon on Sunday, according to GasBuddy analysts. The cost-tracking company surveys almost 1,000 gas stations in the St. Louis area.
Michigan's lowest average price was about $2.50 per gallon in the Marquette area. Belleville has the second-lowest at $2.05, but several stations in town were charging $2.25 or more. "Perhaps even more wild is that the national average has now remained under $3 per gallon for almost three years".
Now that gasoline production, shipments and inventories are being restored, prices have retreated 33 cents, though they've come down much slower than they went up. "Based on what we are seeing now, the potential by the end of the year is for prices to be in $2 to $2.10 range". For instance, the average price in Miami is $2.59 a gallon and $2.38 in Jacksonville.
"Despite recent declines, the residual impact of last month's hurricanes linger", said Jeanette Casselano, AAA director of public relations.
Gas prices in Lancaster County have been extremely volatile over the past decade.
"While the national average [price for gas] may drift slightly lower in the week ahead, higher oil prices may soon put a stop to the streak", the report read. Oil prices, meanwhile, gained nearly a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a drop in production of 1 million barrels per day.
"Perhaps even more wild is that the national average has now remained under $3 per gallon for almost three years, or 1,087 days as the days of cheap oil have continued", said Patrick DeHaan, head of petroleum analysis for GasBuddy.
The national average for gasoline has been below $3 a gallon for more than three years now and doesn't look like it will break that mark in the coming months.
Gas prices continue to fall in New Jersey with drivers saving a few extra pennies this week.
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