Rhode Island gas prices down 3 cents per gallon

Fuel prices maintain slow decline

Fuel prices maintain slow decline

AAA Michigan says gas prices statewide have fallen by about 12 cents per gallon in the past week.

The average price in Tennessee has declined for the last 14 consecutive days, for a total discount of 8 cents, since peaking at $2.60 on September 10.

In Colorado, prices remained mostly flat, falling just 0.9 cents to an average cost of $2.53 per gallon statewide.

Then gas prices remained elevated as demand spiked in the southeastern US following Hurricane Irma. That's still 36 cents more than a month ago and 54 cents more than a month ago. The price in Vermont was down 4.2 cents in the past week, to 2.67 per gallon. The 25 cents-per-gallon spike experienced in the first week of this month represented the largest single-week gas price increase in the USA since Hurricane Katrina ravaged the Gulf Coast in 2005. "Gas prices in the southeastern US should drop another 5-10 cents this week". But prices at the pump are still $1.08 per gallon less than at this time of of the year in 2012 when regular gas sold for $$3.57 a gallon in Chattanooga.

The drop in gas prices comes as flooded refineries continue to come back online after devastation caused by Harvey, industry analyst Trilby Lundberg of the Lundberg Survey said Sunday.

Tucson- $2.36/g, down 1.7 cents per gallon from last week's $2.38/g.

"While the answer is complex, in short, it will take weeks or months to see gasoline inventories recover fully, but prices will continue to slowly drift lower as inventories slowly improve", DeHaan said.

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