Gas prices continue slide


Gas prices in Florida are averaging $2.42.

Gas prices in Southeast Tennessee have dropped, on average, by more than 39 cents per gallon over the past month, returning Chattanooga and Cleveland to some of the cheapest metro areas in America to refuel your vehicle.

Those were the days - or years, to be precise - when gas prices routinely were above $3.00 a gallon.

A gallon of regular unleaded fuel is now selling for an average of $2.32 in the Orlando metropolitan area, according to AAA's Daily Fuel Gauge report. In Mississippi, the statewide average peaked at $2.49 about two weeks after the hurricane and have been declining since, Redman said.

The hurricane knocked out about a quarter of the nation's oil refining capacity, causing gas prices to climb almost 20 percent.

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It's taken a bit longer than expected, but gasoline prices are returning to their pre-Hurricane Harvey levels, according to Don Redman of AAA.

DeHaan attributed the price disparity to Pennsylvania having the nation's highest gas tax at 58.2 cents a gallon.

"There's more room to come down", said AAA Florida spokesman Mark Jenkins.

Since the peak, prices have dropped 40 cents a gallon, or about a penny a day. "Drivers continue to pay in excess of 20 cents more for a gallon of gasoline than they did in 2016, which may prove challenging for those looking to put away some extra cash for the holidays".

Gas prices in Lancaster County have been extremely volatile over the past decade. "Retail prices remain about 5-10 cents higher than where they should be, based on current fundamentals". 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. "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".