Some of our gas stations have the second-lowest prices in IL

25 October, 2017, 01:00 | Author: Manuel Hopkins
  • Amarillo Average Gas Price Rise to $2.22/g

Never has that been more evident than with hurricanes Harvey and Irma.

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

In Central Florida, there also is steep competition from national competitors Wawa, 7-Eleven and RaceTrack, which can buy their own unbranded gasoline and try to undercut competitors.

Nationwide, the average price of gasoline Sunday was $2.46 a gallon, down a penny from a week earlier, while Georgia's average of $2.40 a gallon was four cents cheaper in the same time period, according to the auto club.

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Gas prices in Lancaster County have been extremely volatile over the past decade. "Now the market has stabilized and crude oil prices are coming back down". Wholesale prices in the Great Lakes are 20 cents higher than along the Gulf Coast, where they are lowest, DeHaan said. Oil prices, meanwhile, gained nearly a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a drop in production of 1 million barrels per day. Gasoline supply is still up slightly, while demand is down about 3.6 percent from the previous week, continuing to deflate gas prices. "Perhaps even more wild is that the national average has now remained under $3 per gallon for almost 3 years, or 1,087 days as the days of cheap oil have continued".

Gas prices are still higher than the $2.17 best of August, but consumers should be happy there has been more than three years of fuel stability, said Patrick DeHaan, senior petroleum analyst for GasBuddy.

"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. "Based on what we are seeing now, the potential by the end of the year is for prices to be in $2 to $2.10 range".

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