Hurricanes Harvey, Irma spiked gas prices: What about Jose, Maria?

AAA Michigan: Gas prices drop 15 cents, highest in UP

The national average gasoline prices increased 30.4 cents per gallon last month and prices are 48.1 cents per gallon higher than they were this time a year ago. The decline in price is the first reported since August 21 when prices declined by three cents per gallon.

Including the change in price, on Sunday, prices in the Valley were 27.5 cents per gallon higher than the same time previous year and were 15.4 cents per gallon higher than a month ago.

In the two weeks since, Gulf Coast refineries have appeared to recover and start up to full production, keeping prices from increasing further.

AAA's Lloyd Albert says refineries have been coming back online, helping prices to level off.

The Southeast was hit particularly hard in the price spike.

The average gas price in Macon is still 45.6 cents higher per gallon than the same time past year.

Читайте также: New Miss America chides Trump for withdrawing from worldwide climate accord

On a national scale, gas prices have fallen 4.7 cents this week.

"Hurricanes Harvey and Irma delivered a 1-2 punch on gas prices in the southeastern USA", said Mark Jenkins, spokesman for AAA.

Hedge funds continue to wager on a shortage of refined fuels driving prices higher, even as US refineries gradually restart operations in the aftermath of Hurricane Harvey. "It will not happen overnight, as pump prices decline much slower than they rise". 17, it had dipped to $2.71 per gallon. Plus, the threat of any new storms making landfall in the United States would compromise the collapse.

After an uptick in prices caused by Hurricane Harvey, gas costs have once again stabilized and are down one cent per gallon this week.

South Florida motorists are looking at higher prices at the pump than other residents of the Sunshine State. A year ago at this time, gas was $2.24 per gallon in IL. Although oil prices hovered around $46-$49 per barrel, the average price for gasoline in Florida has shot up 46 cents since August 22.

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