Gas Prices Continue to Dip — AAA Survey

Cars wait for a tanker to fill up gas station tanks in September after Hurricane Harvey knocked out more than 20 percent of U.S. refining capacity. Gas prices spiked in the aftermath of Harvey making this holiday season the most expensive at the pump

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Almost 2.7 million people will be traveling this holiday in the Washington metro area - a 3.5 percent increase over travelers in 2016, according to AAA Mid-Atlantic. According to a weekly retail market report from AAA, that means the price at the pump should continue to slide as the holidays approach. The average for Sunday was the same price according to GasBuddy's daily survey of 5,345 gas outlets in Ohio. The Florida average is falling at a rate of a penny per day. The current national average to be $2.43. Gas prices have decreased 28.9 cents from last month's average and have decreased by 10 cents from last year's average.

Adding to the declining trend, USA refineries switch late in the year to a winter blend of gasoline, which is less expensive to make because more steps are needed with the summer blend to prevent excessive evaporation.

The national average is projected to be $2.39 a gallon on Christmas Day, which is slightly above prices in the past years ($2.28 in 2016, $2 in 2015 and $2.38 in 2014).

So far this year, the highest average price in Florida was $2.73 on September 9 and the lowest was $2.13 on July 17. The price is 16 cents higher than a year ago.

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The most expensive gas price averages in Florida are in West Palm Beach-Boca Raton ($2.52) and Miami ($2.50).

AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump.

The average price for a gallon of gas is about 20 cents more than this time last year and about 40 cents higher than two years ago.

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