COLUMBIA (WACH) – Gas prices in the Midlands are in the decline, according to website Columbiagasprices.com, dropping nearly 2 cents a gallon to an average of $3.59. Conversely, the national average has risen a cent and a half to $3.80 a gallon.
Triple A reports that although there was no damage to oil rigs in the Gulf due to Hurricane Isaac, the evacuation for the storm did stop production. The travel group also noted fires on refineries in California and Venezuela as reasons for the increase.
"With the conclusion of the summer driving season, we can expect gasoline prices to go on a diet," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Like all diet programs, you may not see immediate loss in the short term, but we'll likely see some loss in the longer term, say the next several weeks, as factors align in motorists favor- specifically as Isaac has exited without much ado, demand to see seasonal decline, and with cheaper to produce winter-spec higher RVP gasoline coming, there's light at the end of the tunnel," DeHaan said.
The cheapest gas in the Midlands can be found by clicking on the Pain at the Pump link here at MidlandsConnect.com.
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