Hurricanes Harvey, Irma spiked gas prices: What about Jose, Maria?

AAA Michigan: Gas prices drop 15 cents, highest in UP

Mark Jenkins, a spokesman for AAA and the Auto Club Group, said on Monday that the hurricanes were to blame but he sounded optimistic that prices would drop in the near future. That state average was $2.43 this morning, compared to $2.57 a week ago.

The average gas price locally stands at $2.86 cents per gallon. The national average increased 27.9 cents per gallon during the last month and was 40.4 centers per gallon higher than past year. The decline in price is the first reported since August 21 when prices declined by three cents per gallon.

Gross inputs to Gulf refineries dropped by a third the week after Harvey's landfall; refinery utilization dropped a third, the largest decrease since Hurricanes Gustav and Ike in 2008.

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Schumer on Sunday asked the Federal Trade Commission (FTC) to watch for gasoline price gouging, which he said could contribute to high gasoline prices in his state after Harvey and Irma. During the same time in 2014, oil was (and usually is) the main driver of pump prices, as crude traded between $65-$75 per barrel.

According to the latest statistics from the U.S. Energy Information Administration, both hurricanes led to higher than average gas prices over the last couple of weeks.

Jimmy Giang, owner of Pacific Gasoline Station in Gardnerville said he is already starting to see gas prices decrease this week.

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"Gas prices are poised to plummet 30 cents", Jenkins continued. In 2016, the average cost of gas was $2.44 per gallon and in 2012 it was $3.73 per gallon. "It will not happen overnight, as pump prices decline much slower than they rise".

The lowest national average in 2017 was $2.23 on July 5.

DeHaan said this week could see some of the largest drops in gas prices in many months. According to AAA Carolinas, the current average for gas in South Carolina's is $2.51 - 4 cents less than a week ago.

Greg Olsen suffered broken foot in Week 2
Cam Newton was 20 of 32 for 228 yards but was sacked six times by Sean McDermott's defense. The Panthers entered halftime with a 6-0 lead despite out-gaining Buffalo 193-39.

Weekly local news headlines from the Jackson Progress Argus.

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