Gas prices continue recovery from Harvey and Irma

Idaho gas prices edge lower

The least expensive gas price averages in Florida on Monday were in Tampa-St.

A gallon of regular unleaded fuel is now selling for an average of $2.32 in the Orlando metropolitan area, according to AAA's Daily Fuel Gauge report. The cost-tracking company surveys almost 1,000 gas stations in the St. Louis area.

The average price in Florida was $2.42 per gallon on Monday, having dropped 38 consecutive days according to the American Automobile Association.

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This time previous year, the average in Naples was $2.29 per gallon, 21 cents lower than on Monday.

"Despite recent declines, the residual impact of last month's hurricanes linger", said Jeanette Casselano, AAA director of public relations.

Prices have fallen for six straight weeks, but are still almost a quarter higher than they were a year ago, according to AAA.

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In some cases, in fact, the prices in the Golden Triangle are even lower than the statewide average of $2.12 on August 28.

"Regional hotspots like this may continue in the weeks ahead as gas stations come closer to fully passing along lower gas prices after Harvey and now become subject to new factors driving prices up and down", DeHann said. “Pump prices may get a little bump around the holidays, but we should continue to see an overall downward trend to end the year.”.

Today, the West Texas Intermediate benchmark puts a barrel of crude oil at $52.27, which is $1.70 more than a month ago and a year ago. The number of oil rigs also continues to drop (by seven last week to 736 active rigs), another sign of reduced seasonal demand. Meanwhile, oil prices gained nearly a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a 1 million barrel drop in production.

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AAA will continue to monitor the crude oil and petroleum markets to keep motorists informed. At $2.19, Arkansas and Missouri boast the lowest prices in the country this week.


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