Friday, 23 February, 2018

Gas prices creep down in Lowndes

Julio Cortez  Associated Press Julio Cortez Associated Press
Melissa Porter | 28 February, 2017, 01:57

AAA Mid-Atlantic said Sunday that the average price of a gallon of regular, unleaded gas in Virginia was $2.10, down from $2.11 a week ago.

In the Lima region, gas prices were 18 cents higher than last month's average of $2, and were up 38 cents from last year's average of $1.80.

"Pump prices locally are holding their own despite a recent U.S. Energy Information Administration report showing that gasoline inventories in our region dropped by 1.7 million barrels for the week ending February 17", said AAA Oklahoma spokesman Chuck Mai.

That's mostly because refineries across the nation are preparing to undergo seasonal maintenance to produce cleaner-burning gasoline for the summer.

No state showed an average of below $2.00 a gallon Monday morning.

The survey says, it expects modest increases in gas prices in the coming weeks.

Lending credibility to expectations of an upward trend, the Energy Information Administration (EIA) Weekly Petroleum Report last Thursday showed a decline of 2.6 million barrels of gasoline from inventories over the last week and refinery utilization at 84.3%, the lowest rate since April, 2013, when refiners utilized 83.5% of their capacity.

That's 12 cents below the national average.

Spike or not, a 60 or 70 cent increase in gas prices means a lot to businesses like the Samaria Cafe, which gets all of its supplies from vendors.

To help readers out, we've included the map below which helps you find the lowest gas prices in your area. Buffalo also saw a one cent drop, putting the price at $2.42 per gallon.

Pittsburgh-area gasoline is already higher than in most of the country.