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14 March 2017, 12:38 | Leonard Manning
News Center 7 Meteorologist Kirstie Zontini
Then in a classroom-worthy example of supply and demand, the additional oil pumped by US producers drove down prices in the global market, AAA said.
With oil prices Monday morning continuing recent downward trajectory, motorists may be seeing more of a break at the pump in the week ahead. About GasBuddy GasBuddy is the technology company changing the way more than 60 million consumers find, purchase, and save money on gasoline.
Despite the decrease, prices in the Lima region were 3 cents higher than last month's average of $2.13 and were up 19 cents from last year's average of $1.94.
Gas prices have declined nationwide over the last week.
Waterbury- $2.37/g, up 0.7 cents per gallon from last week's $2.36/g.
Despite revised projections calling for a short-term price drop, the predicted spring-season run-up is still probable, AAA now says.
Consumers could see a 10-cent drop in retail gasoline prices before a sharp rise expected by Memorial Day, according to AAA. That has been countered by increased production in the United States, he said.
The Florida average was $2.274 on Monday, down from $2.288 a month ago and flat with a week ago.
Drivers across the USA paid an average of $2.30 per gallon. At this time in 2016, the state average was $1.912.
Diesel fuel averages $2.58 per the AP, but these Houston stations marked it down to $1.99.
DeHaan said he remains optimistic that the annual spring rally at the pump could be less severe than expected, but added that is remains hard to know where the new path will lead oil prices in the week ahead.
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