Gas Prices Drop­ping Na­tion­ally, But Slowly

La Semana - - FRONT PAGE / PORTADA -


TULSA, OK -- At $2.55, the na­tional gas price av­er­age is just two cents cheaper on the week and the most ex­pen­sive pump price seen at start of October since 2015, when mo­torists where pay­ing $2.29 for a gal­lon of un­leaded.

“When fall ar­rives, mo­torists ex­pect gas prices to be cheaper than they were in the sum­mer. That’s just not the case this year,” said Les­lie Gam­ble, AAA spokesper­son. “Backto-back hur­ri­canes packed a punch to Gulf Coast re­finer­ies’ gaso­line pro­duc­tion and in­ven­tory lev­els. As they play catch-up, gas prices are go­ing to be higher than we’d like to see.”

To­day, Gulf Coast re­finer­ies are build­ing to­ward re­sum­ing nor­mal op­er­a­tions, but it could take some longer than oth­ers to re­turn to pre­hur­ri­cane pro­duc­tion rates. The En­ergy In­for­ma­tion Ad­min­is­tra­tion (EIA) re­ports that Gulf Coast uti­liza­tion rates are up nearly 12 per­cent to 85 per­cent of ca­pac­ity since last week. As uti­liza­tion rates in­crease and op­er­a­tions im­prove, gas prices will drop.

“While the mar­ket con­tin­ues to be volatile, post-hur­ri­canes, AAA ex­pects gas prices to slowly, but steadily drop by up to ten cents in the com­ing month,” added Gam­ble.

Across the coun­try, the ma­jor­ity of states saw prices at the pump drop as much as eight cents on the week – with Mid-At­lantic and North­east states ben­e­fit­ing the most. While five Great Lakes and Cen­tral States are pay­ing up to 11 cents more for gas. To­day, mo­torists can find gas for $2.50 or less at 56 per­cent of gas sta­tions in the coun­try.

The na­tion’s top ten mar­kets with the largest weekly changes are: In­di­ana (+11 cents), Ohio (+9 cents), Michi­gan (+9 cents), Delaware (-8 cents), Illi­nois (+7 cents), New Jer­sey (-6 cents), Mary­land (-6 cents), Ge­or­gia (-6 cents), Florida (-6 cents) and Maine (-6 cents).

The na­tion’s top ten most ex­pen­sive mar­kets are: Hawaii ($3.11), Cal­i­for­nia ($3.10), Alaska ($2.99),Wash­ing­ton ($2.99),Ore­gon ($2.83), Con­necti­cut ($2.78), Ne­vada ($2.77), Wash­ing­ton, D.C. ($2.77), Penn­syl­va­nia ($2.76) and Idaho ($2.76). South and South­east Gas prices con­tinue to get cheaper by the week by as much as six cents in many states, in­clud­ing: Ge­or­gia (-6 cents), Florida (-6 cents), South Carolina (-5 cents), Alabama (-5 cents) and Ten­nessee (-5 cents). Four states land on this week’s top ten least ex­pen­sive mar­kets in the coun­try: Ok­la­homa ($2.62), Arkansas ($2.32), Louisiana ($2.34) and Mis­sis­sippi ($2.38).

De­spite a two mil­lion bar­rel drop on the week in gaso­line in­ven­tory, the South and South­east tout the high­est in­ven­tory level of any re­gion in the U.S. How­ever, sit­ting at 74.2 mil­lion bar­rels, the re­gion’s gaso­line in­ven­to­ries are at the low­est level for the re­gion since Novem­ber 2015, ac­cord­ing to EIA data. As Gulf Coast re­finer­ies come back on­line and in­ven­tory lev­els build, gas prices will con­tinue to drop, pos­si­bly bring­ing the low­est pump price by year-end. Cur­rent Price Av­er­ages per Gal­lon of Reg­u­lar Gaso­line

Tulsa – $2.28, down 13 cents from one month ago … up 28 cents from a year ago

OKC – $2.18, down 12 cents from one month ago … up 13 cents from a year ago

Ok­la­homa – $2.26, down 9 cents from one month ago … up 21 cents from a year ago

U.S. – $2.55, down 4 cents from one month ago … up 33 cents from a year ago The most ex­pen­sive ma­jor city gaso­line price av­er­ages to­day in Ok­la­homa: Ada - $2.40 Id­abel - $2.39 Eu­faula - $2.37 The least ex­pen­sive ma­jor city gaso­line price av­er­ages to­day in Ok­la­homa: Yukon - $2.07 Ed­mond - $2.13 Ok­la­homa City - $2.14

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