Gas prices return to pre-Hurricane Harvey levels

Gas prices return to pre-Hurricane Harvey levels

Drivers can expect pump prices to continue to drop heading into the holiday season as supply strengthens and fall gasoline demand weakens.

Average U.S. gas prices are at their lowest point since Hurricane Harvey hit 110 days ago and caused prices to rise, according to Patrick DeHaan, head of petroleum analysis for GasBuddy. The Florida average is falling at a rate of a penny per day.

Christmas Day gas prices are expected to be the highest since 2013, according to a projection from GasBuddy.

By Christmas, prices in Florida should be on par with what they were past year - $2.32 - if they continue falling at a rate of about a penny a day, Jenkins said.

"We can thank USA oil production, which has come a long way in the last five years", DeHaan said.

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Ohio's gas prices were down 8.1 cents since last week's average.

There is still a potential for further reductions in price.

"As we approach Christmas, average gas prices in the USA have fallen to their lowest point in 110 days, just as Hurricane Harvey began causing prices to spike, not exactly the Christmas gift some hoped for, but it's about time nonetheless", said Patrick DeHaan, head of petroleum analysis for GasBuddy.

Average pump prices dropped 2 cents in each state around the region. Prices rose as much as 45-50 cents in areas of Florida and Georgia after that.

The average price in Florida increased from $2.35 a gallon on August 30 to $2.41 the following day and continued to rise throughout the week as Florida motorists waited in long lines to fill their tanks.

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