Gas prices back to pre-Hurricane Irma levels, AAA says

Gas prices back to pre-Hurricane Irma levels, AAA says

Gas prices back to pre-Hurricane Irma levels, AAA says

A decline in gasoline demand during the winter months means USA motorists should see gas prices inch lower, but only relatively speaking, market reports find.

According to GasBuddy's daily survey of 170 gas outlets in Chattanooga, the average price of regular gas in Chattanooga fell to $2.08 a gallon on Sunday, or 33 cents below the US average. Florida gas prices are 13 cents less than a month ago, but 6 cents more than this time previous year, AAA reported.

Federal data show total USA gasoline inventories increased 5.7 million barrels last week, which means demand is moderating somewhat.

Gas prices in Southwest Florida continued to fall over the week, returning to levels before they surged after Hurricane Harvey in late August.

AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump.

"We can thank USA oil production, which has come a long way in the last five years", DeHaan said. As a result, the summer blend improves gas mileage, however.

The average price for a gallon of gas is about 20 cents more than this time last year and about 40 cents higher than two years ago.

AAA projects gasoline has the potential to drop even more this holiday.

Average gasoline prices fell in all regions from East to West, including the Mid-Atlantic, Northeast, South, Southeast, Great Lakes, Midwest, Rockies and West Coast.

Stay with Northern Michigan's News Leader as we work to keep you updated on these holiday gas prices.

The national average price for regular unleaded was $2.43, AAA reported, down 3 cents over the week. AAA said a build in gasoline inventories is helping with the decline in retail prices.

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