Wednesday, 23 August, 2017

AAA: Michigan's gas price average down 8 cents

Gas Prices Continue to Drop Across Florida Ohio gas prices drop again, to average of $2.12 for regular
Rickey Rodriguez | 20 June, 2017, 00:22

Continuing a remarkable trend, pump prices in the Pittsburgh region dropped another two cents a gallon in the last week to $2.60 on Monday, according to GasBuddy's survey of more than 700 stations in southwestern Pennsylvania. It's the second week in a row that Benton Harbor had the lowest average.

At some places in the Miami area, though, you could find prices cheaper than average.

In Paducah, prices ranged from $1.94 to $2.19.

Sunday's national average was $2.296, some four cents less than this same time previous year.

Nationally, Florida had the fifth-largest weekly decline in prices. Stores in Minnesota, a state that tends to follow North Dakota when it comes to gas price trends, were selling gas at a slightly higher average of $2.29. "Markets moved lower after another round of supply data showing high US and global refinery production". The price in New Hampshire went down 3.9 cents to $2.23 a gallon and it went down 1.7 cents a gallon in Vermont. American motorists are the big winners here, as they fill their tanks for a summer road trip. Brent crude, used to price worldwide oils, climbed 45 cents, or 1 percent, to $47.37 a barrel in London. After falling 4 cents during the past week, the national average sits at 4 cents less than this time a year ago.

"The risk is that oil prices could bounce back", he says. Once that happens, the national average would be the lowest since December. After falling four cents during the past week, the national average sits at four cents less than this time a year ago. "Oil prices would climb if either of them develop into a major storm and threaten refineries along the Gulf Coast", Jenkins said. Motor club AAA puts the price at the same level.

AAA says high gasoline production, lower demand and an unexpected buildup of crude oil contributed to decreasing prices earlier in June, but it predicted that drivers won't see prices fall much lower.

The highest average price in Florida, so far this year, is $2.47 on April 21; the lowest is $2.26 on March 20.

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