AAA says for now Gas Prices continue to drift lower
March 22, 2017
Tampa, FL – Gas prices have declined 14 of the last 16 days. During that time, the national average price has declined 2 cents. Pump prices have drifted lower on increased inventories and declining oil prices.
“Gas prices are falling now, but fundamentals are pointing higher,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “Gulf Coast refineries are moving into their peak maintenance season, causing them to reduce gasoline production at a time when demand is slowly rising. This seasonal trend, could push gas prices 25-50 cents higher by June, unless oil prices do not recover as expected.”
Crude oil prices recorded a new 2017 low last week.
