AAA: Gas prices slowly sliding toward seasonal savings
25 October, 2017, 01:00 | Author: Samuel Sharp
The average retail price for a gallon of gasoline in the United States has been on a steady decline for most markets through October, following seasonal trends. The price for a gallon of regular declined about 5 cents in the area, from $2.409 per gallon last week to $2.361 on Monday. The cost-tracking company surveys almost 1,000 gas stations in the St. Louis area.
USA prices have fallen for 15 of the last 20 days for a total savings of seven cents per gallon. Belleville has the second-lowest at $2.05, but several stations in town were charging $2.25 or more.
Pennsylvania comes in at No. 10 on AAA's top ten most expensive gas markets with an average price of $2.65 a gallon.
"Motorists should expect another round of discounts at the pump this week", said Mark Jenkins, spokesman, AAA - The Auto Club Group.
With statewide prices having dropped 30 cents in a little more than a month, it's likely costs will fall below pre-Harvey levels before long, especially as refineries switch to less-expensive winter-grade fuels that don't have to withstand as much heat.
The Detroit-area's average rose about 7 cents to $2.57 per gallon.
The average in the state of Nevada dropped 2.9 cents per gallon to $2.78.
Gas prices in Lancaster County have been extremely volatile over the past decade.
According to the Energy Information Administration, domestic crude oil exports have increased to 1.8 million barrels per day, Conde said.
Barring significant changes to the current climate, AAA projects that fuel prices will continue to fall in the weeks leading up to Thanksgiving, Conde said. The national average has been below $3 per gallon for close to three years in part because of lower crude oil prices, which are still about half what they were in 2014.
In fact, the national average may continue to decline for a few weeks before leveling off as gasoline inventories continue to heal after Harvey.
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