Published: Tue, December 19, 2017
Finance | By Gustavo Carr

Gas prices drop below pre-Harvey levels

Gas prices drop below pre-Harvey levels

According to AAA Northeast's weekly survey, the price of regular unleaded gas fell to an average $2.52 per gallon in Rhode Island and $2.46 per gallon in MA. Prices at the pump have been estimated to drop as much as eight more cents by Christmas Day.

The national average was $2.42 a gallon on Monday, down 4 cents from a week earlier, according to AAA.

But they've been declining for five straight weeks, as refineries produce more gasoline than motorists are consuming, leaving markets oversupplied, AAA spokesman Mark Jenkins said. The average for Sunday was the same price according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.

"Overall, our research shows that Americans are doing better than a year ago and want to go somewhere for the holidays", said Vicky Evans, assistant vice president with AAA Travel.

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Florida gas prices average $2.38 on Sunday, 13 cents less than a month ago and 6 cents more than this time previous year. Petersburg-Clearwater markets had the least expensive gas in Florida with an average of $2.30 per gallon followed by Orlando with an average of $2.31 per gallon.

Meanwhile in South Florida, prices under $2.30 can be commonly found in competitive areas, including in Lake Worth along Lake Worth Road, Military Trail, Congress Avenue and 10th Avenue North, a check of the price-comparison website GasBuddy.com revealed.

As of last week, they have fallen to levels before Hurricane Harvey's slap on Gulf Coast refineries in August. A handful of stations in that area were selling for as low as $2.22 a gallon. Motorists may see trips taking 2.5 times longer than average.

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