Gas prices in Central New York are showing some slight relief this week with a 2 cent drop, according to AAA Northeast.
Average retail gasoline prices in Minnesota have fallen 4.3 cents per gallon in the past week, averaging $2.49 per gallon Monday, according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota.
The national gas price average, $2.55, has decreased for the first time week-over-week this year.
The region's sweet spot remained State Road 7 and surrounding roads in Margate, where a Wawa that opened February 2 continued to offer gas priced well below average, pressuring surrounding stations to follow suit.
Georgia gas prices declined for the past 16 consecutive days, falling a total of 9 cents, the club said. Inventory levels now total 422.1 million bbl.
Crude dropped $6.25 per barrel the week before.
Patrick DeHaan of GasBuddy.com said gas prices are catching up to a decline in crude oil prices. But AAA says you should not expect them to stay that way. AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.
With oil prices beginning to rally again, it's more likely that gasoline prices may soon reverse course as retail prices have largely caught up to last week's lowest wholesale prices. Oil inventory is down more than 18 percent, while gasoline is down 4 percent, signifying a large increase in US exports. Most of those exports are coming from the Gulf Coast, mostly going to markets in Mexico, South America and the Caribbean.
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