The Car and Truck Fleet and Leasing Management Magazine

Gasoline Falls to $2.47 Per Gallon

October 17, 2017

Photo by Vince Taroc.
Photo by Vince Taroc.

The national average price for a gallon of regular unleaded fell 2 cents to $2.47 for the week ending Oct. 16, as fuel prices level out and return to pre-hurricane levels, reports AAA.

While states east of the Mississippi are paying as much as 8 cents less, pump prices in other regions have been falling.

"Gas stations are steadily dropping pump prices for the majority of motorists, especially regional markets in the Northeast, Mid-Atlantic, South and Southeast," said Jeanette Casselano, AAA spokesperson. "Drivers will see stabilized or decreasing prices at the pump throughout this month due to high refinery production rates and seasonal demand."

Hurricane Harvey drove fuel prices to the highest level of the year in September at $2.67 per gallon and a 32-cent increase over 12 days. Since Sept. 11, prices have fallen 20 cents.

The most expensive states for fuel now include Hawaii ($3.11), California ($3.04), Alaska ($3.00), Washington ($2.93), Oregon ($2.77), Nevada ($2.73), Connecticut ($2.72), and Idaho ($2.71).

The states with the largest weekly changes include Ohio (up 13 cents), Michigan (up 12 cents), Indiana (up 10 cents), South Carolina (down 7 cents), Georgia (down 7 cents), Tennessee (down 7 cents), Florida (down 7 cents), and Texas (down 7 cents).

Meanwhile, the average price of a gallon of diesel fell 1.1 cents to $2.787 for the week, which is 30.6 cents lower than a year ago.

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