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Gas Prices Decline Headed Toward Labor Day
August 27, 2018
Gas prices are declining as Americans prepare for the final holiday of the summer travel season.
“Pump prices are 40-50 cents higher than a year ago, but that spread will be erased by Labor Day,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Holiday travelers will find pump prices at around the same level as last year. In 2017, gas prices spiked before Labor Day, after Hurricane Harvey struck the Gulf Coast. This year, motorists should benefit from a relatively quiet hurricane season along the east coast. Although pump prices may fluctuate with surging holiday demand, AAA does not forecast a significant hike, unless there is an unexpected disruption in supply.”
Gas prices in Florida dropped 4 cents last week. The state average declined for the 16th consecutive day on Sunday, for a total of 9 cents. Sunday’s state average of $2.73 per gallon is 42 cents more than this time last year.
The average price per gallon in Escambia Count was $2.71, down from $2.78 one month ago.
Florida’s state average currently sits just 4 cents above last year’s average price on Labor Day.
NorthEscambia.com photo.
Comments
One Response to “Gas Prices Decline Headed Toward Labor Day”
It’s about time!
Everyone, have a great and SAFE week and go slower and pay attention to the road and everyone if driving ANYTHING. Be safe and careful. Our friends and love ones want us around a long time. Enjoy!!!!