Gas Prices Finally on the Decline as October Draws to a Close
Traditionally, gas prices begin to fall once the autumn season begins. However, due to the growing price of oil and the effects of Hurricanes Michael and Florence, October began with gas prices that were unusually high.
Now, with October nearly over, gas prices are on the decline once again.
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As of right now, AAA reports that gas prices have reached an average of 2.89 per gallon nationwide. Earlier this month, Gas prices reached an average of $2.91, the highest they’ve been in 2018 since July.
Still, just because these gas prices are lower, that doesn’t necessarily make them low. Gas is still $0.42 more than it was a year ago.
“Gas prices may be signaling that they are taking a turn toward slowly decreasing, which is a welcomed change for motorists who have been paying unseasonably high pump prices to fill-up as of late,” said Jeanette Casselano, AAA spokesperson.
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In Ohio, gas prices fell by nearly $0.14, with prices settling somewhere around $2.68. Still, Mississippi and South Carolina boasted the least expensive gas prices in the nation, with an average price of $2.61 per gallon.
However, these gas price decreases aren’t found in every part of the country. Along the West Coast, gas prices are actually increasing.
Both Washington and Oregon had gas prices increase by an average of $0.09 this week. Meanwhile, California’s gas prices are currently $3.82 per gallon.
While this price decrease may be a small change, it could be an indicator of gas prices finally being lowered. Yet, with the damage of Hurricane Michael still being calculated, and with oil production at a record high, motorists may have to get used to higher-than-usual gas prices for the remainder of the fall season.
News Source: AAA