Published: Mon, September 11, 2017
Health Care | By Oscar Goodwin

Gas prices may have peaked in northern New England

Gas prices may have peaked in northern New England

In Bradenton-Sarasota-Venice, the average price also was $2.72, 9 cents higher than last week. For instance, a Speedway station on State Road 64 East, east of Interstate 75 was open and selling gas by mid-day Monday. This compares with the national average that has increased 1.8 cents per gallon in the last week to $2.65 per gallon, GasBuddycom said.

Average retail gasoline prices in Chattanooga have risen 4.4 cents per gallon in the past week, averaging $2.56 per gallon on sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga.

Patrick DeHaan, senior petroleum analyst for GasBuddy, says prices appear to have peaked in the last week.

Albany, meanwhile, has seen some impact, both from an influx of Floridians fleeing Irma and from local residents preparing for the impact of Irma as it worked its way through the region on Monday.

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"Suppliers face an uphill battle in the coming days, trying to keep gas stations supplied, as Florida evacuees return home in large numbers after the storm", AAA said.

Wholesale gasoline declined a cent to $1.65 a gallon. The cheapest Georgia metro area on the survey was Augusta at $2.655.

Including the change in price, fuel prices were 28.4 cents per gallon higher than the same day a year ago and it was 17.8 cents per gallon higher than last month.

Gas prices in Chattanooga have jumped by 49 cents per gallon in the past month after Harvey slammed into the Gulf coast in Texas and idled gas refineries and temporarily idled the biggest pipeline to Chattanooga.

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

"With the summer driving season now over, motorists stand to benefit from falling demand", DeHaan added.

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