Gas Prices Trending Down

Gas prices are on a steep slide after reaching 3-year highs due to Hurricanes Harvey and Irma.

That's the word from petroleum analysts.

Prices surged when Harvey struck refineries along the nation's gulf coast. 

Then, those prices remained elevated as demand spiked in the southeastern U.S. following Hurricane Irma. 

Now, analysts with AAA Auto Club Group say supply and demand levels are returning to normal, and prices are on the decline.

Analysts say if it weren't for the recent hurricanes, gas prices would be about 25 cents lower.

They caution that, since gas prices decline much slower than they rise, it could take a few weeks before they reach equilibrium. 

Gas prices in the southeastern U.S. should drop another 5-10 cents this week, they add.

The average price in Florida has declined for a total of 5 cents, since peaking at $2.73 on September 14. 

The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton, Miami, and Fort Lauderdale.

The least expensive gas price averages in Florida are in Pensacola, Tallahassee, and Tampa-St. Petersburg-Clearwater.

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