Gasoline prices in the Hartford area have fallen 4 cents per gallon in the past week, averaging $2.76 per gallon on Sunday, according to GasBuddy's daily survey of 418 gas outlets in the city.
The national average that has fallen 5.5 cents per gallon in the last week to $2.55 per gallon, according to gasoline price website GasBuddy.com.
Gas prices went up after Hurricane Harvey struck and caused disruption to the fuel supply.
Including the change in gas prices in Hartford during the past week, prices yesterday were 52.8 cents per gallon higher than the same day one year ago and are 35.8 cents per gallon higher than a month ago.
The national average has increased 19.6 cents per gallon during the last month and stands 34.7 cents per gallon higher than this day one year ago, according to GasBuddy.
"For the second straight week, almost every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels ," Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement. "While oil prices have gained momentum in the last few weeks, it will not be enough to stymie the continued decline at gas pumps, which will bring the national average down another 5-10 cents in the week ahead. Impressively, some gas stations in areas of the Great Lakes have dropped their prices by as much as 30-65 cents per gallon in the last two weeks, even as the national average has dropped just half of that, thanks to intense price wars and undercutting.”
He said that the reason gas prices haven't come back down to pre-Harvey levels is complex.
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“(I)n short, it will take weeks or months to see gasoline inventories recover fully, but prices will continue to slowly drift lower as inventories slowly improve," DeHaan said.
