Gasoline prices drop as refineries get back to normal

Prices vary significantly around town with the lowest prices along Sprinkle Avenue near I-94

Prices vary significantly around town with the lowest prices along Sprinkle Avenue near I-94

But gasoline costs have fallen for four straight weeks with no signs of letting up, including Hurricane Nate's weaker-than-expected impact failing to disrupt fuel supplies much at all, said Patrick DeHaan, GasBuddy, senior petroleum analyst. Michigan's current daily statewide average is about $2.40 per gallon, about 10 cents less than last week's average and about 5 cents more than this same time a year ago. That's also a more than 9-cent drop from $2.727 a month ago.

"However, the nation continues to be awash in crude oil, so the storm mattered little to oil prices", DeHaan added. "If they cooperate, if they don't bounce back to where they were or go even higher, then I think we'll see a few more cents decline".

Gulf Coast refineries are building toward resuming normal operations, but it could take some longer than others to return to pre-hurricane production rates, AAA said.

GasBuddy, which tracks gas prices in real time, reported the average on Monday in Manatee County was $2.48 per gallon, with Sarasota County slightly higher at $2.50.

In South Carolina, prices Monday were $2.32 per gallon unleaded regular compared to last week's $2.41.

The most expensive station is the M&P Foodmart at St. Mary's Road where regular gas was reportedly $2.68 per gallon.

"Gasoline supply has continued to improve, and as temperatures begin to feel more fall-like, demand for fuel will continue to decline", he said. In Vermont, the price was $2.58 per gallon, down 3.9 cents from the previous week.

Speedway stations across OH today are posting prices between $2.16 and $2.44 a gallon.

Sunday weather: Mostly sunny, with highs in the mid-60s
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