Local gas prices drop another 9.3 cents per gallon

Local gas prices drop another 9.3 cents per gallon

Gas prices rise statewide, spike in Lansing area

Average retail gasoline prices in Wyoming have fallen 2.0 cents per gallon in the past week, averaging $2.42/g yesterday, according to GasBuddy's daily survey of 494 gas outlets in Wyoming. The Bradenton-Sarasota-Venice market's $2.409 average on Monday was an 8.2-cent decline from a week ago and almost a 30-cent drop from a month ago, according to data from AAA, the auto club.

In the past 31 days, the state average has declined 25 cents.

AAA says early Monday the average price for self-serve regular unleaded gasoline statewide was about $2.52 per gallon.

Leading states with the lowest average gas prices: Missouri ($2.18), Arkansas ($2.19), Oklahoma ($2.21), DE ($2.23), MS ($2.24), SC ($2.25), Louisiana ($2.25), Alabama ($2.26), Kansas ($2.27) and Tennessee ($2.28).

The Tampa-St. Petersburg-Clearwater region had the cheapest average ($2.34) in the state on Monday, while Miami ($2.62) was the most expensive.

Gas prices are on a downward tear post-hurricane.

To illustrate the effects the two hurricanes had on the petroleum industry: Prices in the Bradenton-Sarasota area are 20 cents higher than this time a year ago, despite the recent run of declines. "So motorists should expect another round of discounts this week".

Gasoline prices decreased in a majority of states while rising in the Great Lakes due a regional phenomenon called price cycling in which prices drop quickly due to price wars but then suddenly spike once margins deteriorate to losses. Price volatility has been felt across the country, beyond states directly impacted by the storms.

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