Gas Prices Trending Cheaper, 'Falling' Trend Expected to Continue

Fuel prices maintain slow decline

According to GasBuddy, prices have fallen 8.6 cents per gallon in the past week to $2.41 per gallon average price.

Supply and demand levels are returning to normal.

As the Gulf Coast and Florida slowly recover from Hurricanes Harvey and Irma, AAA says many Americans are turning their attention to Hurricane Maria.

During Hurricane Harvey, gas prices rose by 50 cents to $2.73 a gallon.

Prices surged when Harvey struck refineries along America's Gulf Coast and remained elevated as demand spiked in the southeastern US following Hurricane Irma. The automotive club AAA predicts the gas prices in the southeastern USA will fall 5 to 10 cents this week.

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"If it weren't for the recent hurricanes, gas prices would be about 25 cents lower", said Mark Jenkins, a spokesman for AAA - The Auto Club Group.

Including the change in gas prices in Hartford during the past week, prices yesterday were 52.8 cents per gallon higher than the same day one year ago and are 35.8 cents per gallon higher than a month ago.

"For the second straight week, nearly every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels", Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. The least expensive are in Pensacola ($2.60), Tallahassee ($2.60), and Tampa-St.

Gas prices are on a steady decline after Hurricanes Harvey and Irma.

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

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