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Gas prices hit 3-year high last week, drifting lower

19 September, 2017, 01:25 | Author: Sylvester Abbott
  • AAA Michigan: Gas prices drop 15 cents, highest in UP

Across the state, drivers are paying $2.54 a gallon.

The highest recorded price ever for gas in Columbus came on September 18, 2008, according to AAA, with a single gallon of regular setting motorists back almost $4.21. Still, it's up 28.8 cents from last month's average and up 22.6 cents from last year's average.

The disruptions caused gas prices to rise 28 cents nationally. The Northeast is prevalent in the most expensive areas due to gasoline supply being diverted to the Gulf and Florida after Hurricane Harvey, leading prices to soar.

Hedge funds continue to wager on a shortage of refined fuels driving prices higher, even as USA refineries gradually restart operations in the aftermath of Hurricane Harvey.

Nevada residents are concerned with the increased prices and remain anxious that the price of gas in the area will stay high.

Leading the nation with the lowest gas prices: Oklahoma ($2.33), Missouri ($2.34), Arkansas ($2.36), Kansas ($2.39), OH ($2.39), Louisiana ($2.40), IN ($2.45), MS ($2.45), Minnesota ($2.46), and IL ($2.46). The national average stood at $2.63 per gallon on Sunday.

The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.80), Miami ($2.77), and Fort Lauderdale ($2.74).

"Gas prices are poised to plummet 30 cents", Jenkins said.

Average retail gasoline prices in Alabama fell 2.7 cents this past week, but are still averaging $2.49 per gallon, 48 cents higher than this time one year ago, according to GasBuddy's daily survey of 3,348 gas outlets in Alabama.

"Plus, the threat of any new storms making landfall in the United States would compromise the collapse", he said. "However, motorists should see gas prices decline through the end of the month, and possibly reach the lowest point of the year in Q4". 17, it had dipped to $2.71 per gallon. The lowest was $2.08 on July 5.

Weekly sports headlines from Jackson Progress Argus.

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