Average gas prices have dropped in 45 of the nation's fifty states with the national average declining almost 5 cents per gallon to $2.60 in the first weekly drop since Hurricane Harvey's damaged caused refinery shut downs weeks ago. Although oil prices hovered around $46 to $49 per barrel, gas prices have shot up 46 cents in Florida, 55 cents in Georgia and 46 cents in Tennessee since August 22.
The one-two punch of hurricanes Harvey and Irma drove gas prices to a three-year high last week, though supplies are building back up and prices are starting to drift lower. Nonetheless, U.S., Gulf Coast and Texas price increases were the highest for a week since Hurricane Katrina in 2005.
The Southeast was hit particularly hard in the price spike.
The disruptions caused gas prices to rise 28 cents nationally. In fact, today's national price average is the cheapest in 14 days.
Gasoline availability continues to improve after Hurricane Irma drove-up demand and left many gas stations without fuel.
South Florida motorists are looking at higher prices at the pump than other residents of the Sunshine State.
Giang said a 10 cent or even 20 cent raise does not make that much of an impact on people's budgets, however since gasoline is something people are always buying and are always seeing the price of, they always seem to notice the change.
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"Plus, the threat of any new storms making landfall in the United States would compromise the collapse", he said.
The lowest national average in 2017 was $2.23 on July 5.
$2.82/g in 2016, $2.93/g in 2015, $4.24/g in 2014, $4.28/g in 2013 and $4.40/g in 2012.
The average in the state of Nevada was $2.88 per gallon, which is down 3.4 cents from last week.
Gasoline prices dipped slightly in Valdosta over the past week but are still far above their pre-double-hurricane-whammy levels of a few weeks ago.
Local motorists should get some relief from hurricane-driven higher gas prices by the end of the month, AAA Carolinas projected Monday.