Gas Prices Retreat From Hurricane Highs

Fuel prices maintain slow decline

According to AAA, the current average price for a gallon of regular gas in the Tri-Cities is $2.515 per gallon.

Oil prices on the worldwide markets rose to a 7-week high last week and local fuel gas stations are still feeling the effects of the recent storms.

In Paducah, prices ranged from $2.31 to $2.48.

Prices at the pump are falling, after Hurricane Harvey made them skyrocket.

Motorists hoping for a return of the low gas prices before Hurricane Harvey may need to wait several more weeks or months, a leading gas price analysts says. On Sunday, gas prices averaged $2.52. "Since gas price decline is much slower than they rise, it could take a few weeks before they reach equilibrium".

For Tuesday, AAA reported a national average retail price for regular unleaded gasoline at $2.57 per gallon, slightly less than for Monday and about 1.8 percent lower than one week ago. That's still 36 cents more than a month ago and 54 cents more than a month ago.

AAA spokesman Mark Jenkins says now that the worst is over, gas prices are starting to balance out. "Gasoline inventories are continuing to recover after hurricanes Harvey and Irma, and that's helping to put downward pressure on gas prices". It was up from $2.25 a month ago. Companies have reported that roughly two dozen storage tanks holding crude oil, gasoline and other fuels collapsed or otherwise failed during Harvey, spilling a combined 140,000 gallons of fuel, according to an Associated Press analysis of state and federal accident databases.



Latest news

Canada blocks Chelsea Manning visit, citing 'treason'
Chelsea Manning on Monday tweeted this image purporting to show the federal government\'s decision to deny her entry to Canada. The prime minister declined to comment but said he was looking forward to hearing more details about the situation.

Penn State survives road test at Iowa on final play
On that drive, Penn State leaned on Barkley, who converted a crucial fourth-and 1 with 5:38 left to keep the drive alive. The Boilermakers (2-1) opened with a seven-point loss to Louisville, and their 34-3 win at Missouri boosted confidence.

Google Fire’s Guy For Memo
A memo that has brought more attention to the very critical issue that is rocking Silicon Valley and indeed the rest of the world. Should the guy dare complain, he is branded with the vilest descriptions?Rather stay at home and enjoy casinos online .

What Are Online Games
If we are all honest with each other, there is no denying that when real money is involved the activity is no longer for leisure. And in some cases, it is even used to refer to something that is done elsewhere for an income but now being done for recreation.

Other news