Gas prices fall across state and nation

Glen Mclaughlin
February 21, 2018

AAA Northeast's weekly survey shows the average price of a gallon of self-serve, regular in MA is $2.50. A week ago, the averages were $2.34 in Lauderdale County and $2.31 in Colbert County.

According to GasBuddy historical data, gasoline prices on February 19 in New Haven have ranged widely over the last five years: $2.38/g in 2017, $1.87/g in 2016, $2.33/g in 2015, $3.63/g in 2014 and $3.95/g in 2013.

Midland Odessa- $2.47/g, down 3.6 cents per gallon from last week's $2.51/g.

According to reports, the average price of a gallon of gasoline in Houston dropped for the second consecutive week. Crude prices have been lower in the past two weeks as investors worry that higher US crude output, which hit a record 10.27 million barrels per day, will undermine attempts to curb global oil supplies. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services.

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"When they do maintenance, their production is limited...which means there is a limited supply and prices go up". AAA advises motorists to shop around for the best prices in their area, and to make sure they and their passengers buckle up - every time.

Florida's spring tourism season also helps drive prices higher, Jenkins said.

Crude oil prices rose a total of $2.48 per barrel on the NYMEX last week, closing at $61.68 on Friday. Even though there was considerable growth two weeks ago, domestic oil and gasoline inventories are down, compared to this time previous year, by 18.5 percent and 4 percent respectively. A year ago at this time, it was $2.28 a gallon. That's an increase of around 15 percent.

Other reports by MaliBehiribAe

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