Gas Prices Decreasing After Hurricanes Harvey And Irma

Brian Swartz | BDN
  Brian Swartz | BDN  On Route 1A in Dedham a motorist passes through the colorful fall foliage bordering the busy highway in 2015
Brian Swartz | BDN Brian Swartz | BDN On Route 1A in Dedham a motorist passes through the colorful fall foliage bordering the busy highway in 2015
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27 September, 2017

In Pennsylvania, the average price is $2.81, down from $2.87 last week.

For the West Coast, the most expensive market in the Lower 48, the increase in gasoline inventories translated to lower gas prices, though most states are still above $3 per gallon.

After reaching 3-year highs due to Hurricanes Harvey and Irma, gas prices have begun to decline. Prices are expected to "slowly drift lower as inventories slowly improve", GasBuddy.com senior analyst Patrick DeHaan said.

The Dearborn-based auto club says late Sunday the average price for self-serve regular unleaded gasoline was about $2.42 per gallon.

After spiking in the aftermath of Hurricane Harvey, gas prices dropped in Denver and across the country the last seven days, marking the second consecutive week of decline.

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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 launched fuel prices skyward and Hurricane Irma's statewide run on gas acted as the booster rocket. Refineries are getting back online.

Gas prices in northern New England are coming down in northern New England, although it may still be some time before drivers see pre-hurricane prices. It was up from $2.25 a month ago. The highest was about $2.54 per gallon in the Marquette area.

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

Autumn is normally a time when gasoline prices fall a bit faster, since oil refineries have switched to producing cheaper winter-grade gasoline.

US retail gasoline prices may slide back into seasonal declines as the refinery sector moves toward pre-Hurricane Harvey status, market reports show.


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