Gas prices hit three-year high, but have begun to fall

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

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

After rampant speculation; a series of devastating hurricane and media hype, average gas prices in CT and on the national level are on the downswing, according to AAA Northeast.

Gas prices are dropping across IL as hurricane recovery continues.

Around the US on Monday, Oklahoma's average pump price of $2.26 was lowest, followed by Missouri, $2.35; OH, $2.36; Arkansas, 2.362; Kansas, 2.363; and Louisiana, $2.37.

AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state. Brent crude, the standard for global oil prices, gained 15 cents to $55.62 a barrel in London.

The lowest-priced gas in the Naples-Bonita Springs area that's not part of a membership warehouse (Sam's Club and Costco) was $2.63 - at stations including the Speedway at 27001 Old 41 Road and East Terry Street in Bonita, and the 7-Eleven at 4831 US 41 E., East Naples.

"Hurricanes Harvey and Irma delivered a 1-2 punch on gas prices in the southeastern USA", said Mark Jenkins, spokesman, AAA - The Auto Club Group.

Nevada residents are seeing an increase in gasoline prices at the pump this month in the aftermath of hurricanes Harvey and Irma.

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The price of gas in Rhode Island dipped by a penny per gallon this week, following some big jumps after several oil refineries on the Gulf Coast were affected by the destruction of Hurricane Harvey. "It will not happen overnight, as pump prices decline much slower than they rise".

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.

"Gas demand should drastically decline across the Carolinas by the end of September, as the Labor Day holiday signaled the end of the summer driving season", Wright said. Not a threat to make landfall, Hurricane Jose, a Category 1, is well off the shore of North Carolina.

Wholesale gasoline rose 3 cents to $1.66 a gallon.

Pensacola saw the least expensive average in Florida with prices at $2.63 per gallon. The lowest was $2.08 on July 5.

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