Local gas prices drop 8.6 cents last week

Idaho gas prices edge lower

US prices have fallen for 15 of the last 20 days for a total savings of seven cents per gallon.

The Dearborn-based auto club says early Monday the average price for self-serve regular unleaded gasoline was about $2.59 per gallon.

Those were the days - or years, to be precise - when gas prices routinely were above $3.00 a gallon. The savings are starting to help their pocketbooks, but Gem State drivers are still paying the 8 th highest gas prices in the nation.

The price for Brent crude oil, the global benchmark, is up 11 percent since the end of August, when Hurricane Harvey hit the southern Texas coast. According to GasBuddy.com, stations in both Columbus and Starkville are selling gas as low as $2.09 per gallon, although the price ranges as high as $2.23 at some retailers.

The national average of $2.46 remains slightly above the statewide average of $2.42.

September unemployment rate falls in Wichita area, state
Numbers unadjusted for seasons, SC added more than 1,200 jobs in manufacturing and 400-plus jobs in construction in September. It was the third straight month the rate has increased for the state after it plummeted in the first half of the year.

The national average has only dropped 1.6 cents in the last week. In nearby San Bernardino and Riverside, prices dropped to $2.94 per gallon and $2.97 per gallon respectively. "Retail prices remain about 5 to 10 cents higher than where they should be, based on current fundamentals".

In the Great Lakes region, the most volatile market in the country, numerous states there have the most expensive gas in the country. Meanwhile, oil prices gained nearly a dollar last week after the EIA reported a 5.7 million barrel decline in oil supply and a 1 million barrel drop in production.

Barring some unforeseen disruption in production/supply, Redman said fuel prices should continue to fall now that the transition to winter fuel is complete.

The national average for gasoline has been below $3 a gallon for more than three years now and doesn't look like it will break that mark in the coming months.

Patrick DeHaan, head of petroleum analysis for GasBuddy, believes the national average might continue to decline for the next few weeks.

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