Tuesday, 16 July, 2019

Gas Prices in Hartford Area Slip Following Jump After Hurricane Harvey

Gas Prices in Hartford Area Slip Following Jump After Hurricane Harvey Gas Prices in Hartford Area Slip Following Jump After Hurricane Harvey
Christy Curtis | 27 September, 2017, 01:47

The average unleaded gas price in Florida is $2.67 this morning, a nickel cheaper than a week ago. However, compared to this time previous year, Florida drivers are paying 52 cents more for a gallon of gasoline.

That compares to $2.46 the same day last week, $2.22 a month ago and $2.05 this time previous year.

"Oil prices are now $51 a barrel, so gasoline prices may not get as low as they were before the hurricanes, when oil was selling for around $47", he said.

Gas prices are going back down after going up because of Hurricane Harvey and Hurricane Irma. "Since gas prices decline much slower than they rice, it could take a few weeks to reach equilibrium". Elevation continued as demand spiked in the southeastern USA following Hurricane Irma.

The average cost for gas in NY was $2.45 cents before the hurricanes hit. The national average surged more than 30 cents per gallon, impacting motorists across the country.

In the Warren-Youngstown area, the average cost of a gallon of regular gasoline was $2.38, according to national auto club AAA. Still, Houston prices remain 32 cents higher than before Harvey made landfall.

Barring another natural disaster, AAA says Florida residents should expect this trend to continue, and can look forward to even lower gas prices.

AAA says as Gulf Coast refining and delivery systems get back to normal operations and demand drops in the fall, prices will likely continue to be less expensive. That's down from $2.37 the same day last week and $2.30 a month ago.

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