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Gas prices drop in Meadville area

12 September 2017

Gas prices climbed last week during the aftermath of Hurricane Harvey, which cut US refining capacity, and in anticipation of Hurricane Irma's impact.

Gas retailers in Lowndes County have been operating under anti-price gouging regulations put forth in both state and local emergency decrees.

KINGSTON, N.Y. The average retail gasoline price in NY state rose another 3.6 cents per gallon last week, reaching $2.79 per gallon, but might have experienced its post-Harvey peaked, an industry analyst says.

State of Tennessee- $2.59, up 2.9 cents per gallon from last week's $2.56. There have been spots where gas stations in the region have been unable to keep up with demand. Overall, the potential storm-related increase in gas buying, combined with delivery delays will likely cause gas prices to continue increasing into the weekend.

This compares with the national average that has increased nearly 2 cents per gallon in the last week to $2.65. That's 48 cents higher than a year ago. Still, the statewide average is up 2.4 cents from last week, 46.3 cents from last month and 63.7 cents from a year ago, the survey shows. Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector.

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Residents of the Mexican capital fled into the streets, many in their pajamas, for fear buildings would collapse. In Oaxaca, 17 people have died , including ten in the town of Juchitán, where over 100 buildings have collapsed.

It is important to note price increases seen across the country do not reflect a shortage of gasoline supplies, but rather are reacting to the inability to transport fuel out of the Gulf Coast and into other areas, as well as limited production of refined products like gasoline as the refineries attempt to resume activity to pre-storm operations.

DeHaan said reduced demand should help alleviate pain at the pump.

As hurricanes remained in the picture, consumers continued to deal with a spike in gas prices.

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Gas prices drop in Meadville area