CT, national gas prices drop

AAA Michigan: Gas prices drop 15 cents, highest in UP

At $2.62, today's national gas price average is the cheapest in 14 days and five cents less than last week. Prices in Georgia are 50 cents higher.

Following the impact of Hurricane Harvey and exacerbated by Labor Day travel, gas prices jumped by 35 cents per gallon in a study conducted on September 5 and four additional cents last week, according to AAA Northeast.

The good news for now: Barring another major hurricane or some other unexpected event that might rattle oil prices, the cost of filling up your vehicle should reach their lowest levels of the year this fall, according to the auto club known as AAA.

AAA Michigan: Gas prices drop 15 cents, highest in UP
Price At The Pump Drops About 15 Cents Gallon Across The State

"Unfortunately gas prices don't drop as quickly as they spike", AAA spokeswoman Tiffany Wright said. And Hurricane Irma, which made landfall in Florida last week, did not have much impact on gasoline prices.

But New York, where the average price of gasoline is $2.81 per gallon, still has some of the highest prices in the country.

On a national scale, gas prices have fallen 4.7 cents this week.

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The most expensive gas reported Sunday in the city was $3.31 at a North Patterson Street retailer, according to gasbuddy. Gasoline prices will continue to fall even as oil holds steady due to better supply and demand balance after Harvey.

Mark Jenkins, a spokesman for AAA and the Auto Club Group, said on Monday that the hurricanes were to blame but he sounded optimistic that prices would drop in the near future. As refineries recovered, gas prices should have begun to decline after Labor Day, but the arrival of hurricane Irma caused a surge in demand, preventing the impending plunge. The state average was 3 cents less than a week ago, yet remained 52 cents more than this time past year.

The bottom line: Prices haven't been this high since the fall of 2014.

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You'll save a few pennies the next time you gas up in Georgia, but still shell out much more than past year.

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