Published: Wed, February 21, 2018
Money | By Armando Alvarado

What are you paying at the pump? Gas prices falling, says website

What are you paying at the pump? Gas prices falling, says website

If you're looking for the cheapest gas in the state, it can be found in Flint where prices average $2.34 per gallon.

The price is 32 cents higher than the same time previous year but three cents lower than the national average.

In Florida, the most expensive average gas price was $2.69 in the West Palm Beach-Boca Raton area.

Of the ten MI metro areas surveyed by AAA for self-serve unleaded fuel prices, the lowest average price can be found in the Flint area, where it's about $2.34 a gallon.

"The question isn't how low will they go, but how long will we see prices decline", Jeanette Casselano, director of public relations at AAA said in a statement.

The bottom line: "This downward trend has a limit", AAA spokesman Mark Jenkins said in a news release.

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The local averages midday Monday, according to GasBuddy, were $2.67 in Ulster County, $2.72 in Dutchess County, $2.71 in Greene County and $2.62 in Columbia County. Oil inventory is down more than 18 percent, while gasoline is down 4 percent, signifying a large increase in USA exports.

Crude dropped $6.25 per barrel the week before.

Including the change in gas prices in Arizona during the past week, prices yesterday were 26.1 cents per gallon higher than the same day one year ago and are unchanged versus a month ago.

Experts say the decrease is due to an increase in both oil and gasoline production.

In January, oil prices reached their highest in more than three years, enticing domestic producers to ramp up production.

Gas prices in Texas are the lowest in the nation for the third time this year.

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