With the national average at $2.57 today…one month after Hurricane Harvey hit Texas…drivers are finally seeing gas prices decline consistently. “Gas prices are getting cheaper by the day…consumers can expect gas prices to continue to be less expensive through October.” claims Jeanette Casselano, AAA spokesperson.
The Department of Energy stated that Gulf Coast refinery operations were up almost 10 percent for the week ending September 15. 10 refineries in total are operating at reduced rates, while three remain closed. In addition, the Colonial Pipeline remains on about a seven-day gasoline delivery delay, but they estimate that by the end of the month the pipeline will be returning to normal deliveries.
The nation’s top ten least expensive markets are: Ohio ($2.27), Missouri ($2.27), Oklahoma ($2.29), Indiana ($2.29), Arkansas ($2.35), Kansas ($2.36), Louisiana ($2.36), Kentucky ($2.40), Michigan ($2.41) and Mississippi ($2.42) ~ AAA.com
Status Quo – West Coast
Gasoline is $3/gallon or more in California ($3.12), Hawaii ($3.11), Washington ($3.03) and Alaska ($3.00). These states along with Oregon ($2.87) and Nevada ($2.79) land on the top 10 states with the most expensive gas in the country this week. Alaska was the only state to hold gas prices steady on the week, all of the other states saw gas prices drop, on average two cents.
The West Coast was one of only two regions that saw gasoline inventories build on the week. With an addition of 600,000 bbl, total inventories register at 27.7 million bbl – about one million less than a year ago.