Wednesday, 17 October, 2018

Gas prices fall almost six cents

Gas prices fall almost six cents Gas prices fall almost six cents
Nellie Chapman | 21 February, 2018, 17:00

As usual, Pennsylvania is among the top 10 most expensive states for gas (6th), with the average pump price at $2.85 (Feb. 14) for a gallon of regular unleaded. Waterbury stands at $2.67/g, down 3.2 cents per gallon from last week's $2.70/g.

Tuesday's national gas price average is four cents less than one week ago, one cent more than a month ago, and 25 cents more than a year ago.

"Although gas prices have dipped in the last few days, AAA believes they will take a significant turn in the next few weeks and spike in the second quarter of the year", said Tammy Arnette, senior public affairs specialist for AAA Mid-Atlantic. This year's maintenance period started February 1 and is expected to peak during the last week of March or the first week of April as refineries reduce output while they do maintenance on their equipment. The per-gallon average of $2.61 in Broward County was 5 cents less than the previous week, as was the $2.68 average in Palm Beach County. This compared to the national average that has fallen five-point-four cents.

"Because of the hurricane, a lot of the refineries that will supply the Northeast will gasoline...they postponed their fall maintenance until the spring", she said. Oil inventory is down more than 18 percent, while gasoline is down 4 percent, signifying a large increase in US exports.

Experts say the decrease is due to an increase in both oil and gasoline production.

Generally, prices also are down from a month ago but up from a year ago at this time.

USA fuel exports are surging, AAA said.

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