GasBuddy: Prices at the pump trickling down, downward momentum expected to continue
Posted on 9/26/2017 12:08:00 PM.
Michelle Southern reporting.
It’s been a month since Hurricane Harvey made landfall in Texas, knocking out nearly 30% of the nation’s refining capacity, but motorists are now starting to see consistent declines in gas prices. That’s according to Patrick DeHaan, senior petroleum analyst at GasBuddy.

Hurricane Irma caused mass evacuations in Florida, which DeHann says further crippled the supply in the US He says we’re likely about to start seeing the downward momentum accelerate…:

"But we may not see prices fall back to pre-Harvey levels for a few weeks, as inventories of gasoline continue to heal after these storms," said DeHaan.

DeHann says the current statewide average for a gallon of regular in Louisiana stands at $2.35. He says with the switch-over to winter-blend gasoline, consumer demand beginning to slow and Gulf Coast refineries getting back closer to normal, consumers can expect to see much lower prices at the pump next month.

"But in a couple of weeks we'll probably see prices between 20 and 30 cents lower than they are today," said DeHaan.
GasBuddy, Patrick DeHaan, gas prices, Hurricane Harvey, Hurricane Irma, refineries

Provided by ABC News

Copyright 2018. All rights reserved | Privacy Policy

This site powered by PromoSuite Interactive