U.S. gas prices in some markets at pre-Harvey levels

Posted September 27, 2017

The drop of 7.0 cents per gallon, following a decline of 4.1 cents the prior week, lowered the average price here to $2.76 per gallon, says fuel-price website GasBuddy.

Kentucky prices yesterday were 25 cents per gallon higher than the same day one year ago and are 16 cents per gallon higher than a month ago.

Ann Arbor is also down 6.9 cents to $2.46 per gallon; Flint down 12.4 cents to $2.35 per gallon and Toledo down 9.1 cents to $2.29 per gallon.

For live fuel price averages, see GasBuddy. Prices are up 44 cents per gallon in Georgia compared to a month ago.

He said that the reason gas prices haven't come back down to pre-Harvey levels is complex. Elevation continued as demand spiked in the southeastern US following Hurricane Irma. IN and MI tied for the largest declines by price, though MI saw the largest decline in terms of percent to move below pre-Harvey levels.

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A Gas Buddy analyst says, barring another hurricane, prices should continue to fall over the next few weeks.

At last check, the cheapest gas in Iowa is in Clinton.

South Carolina, normally the state with the cheapest fuel, has a current statewide average gasoline price of $2.46 a gallon.

For the West Coast, the most expensive market in the Lower 48, the increase in gasoline inventories translated to lower gas prices, though most states are still above $3 per gallon. The 25 cents-per-gallon spike experienced in the first week of this month represented the largest single-week gas price increase in the USA since Hurricane Katrina ravaged the Gulf Coast in 2005. A month ago (before Hurricane Harvey), it was $2.07.

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