Gas prices quick to rise and terribly slow to fall

When it was reported that refineries would reopen on a limited basis, gas prices remained the same.

Last week, gasoline hit the highest price in three years. During that time in 2014, oil was (and usually is) the main driver of pump prices, as crude traded between $65-$75 per barrel. "Prices surged when Hurricane Harvey caused refinery outages along the Gulf Coast".

Retail gasoline prices in Texas and across the country declined this week as recovery continues from hurricanes Harvey and Irma. Now three weeks later, gas prices remain the same.

"Gas prices are poised to plummet 30 cents", Jenkins continued.

"It's not going to happen overnight", Townsend said. Plus, the threat of any new storms making landfall in the United States would compromise the collapse.

Irma this month pounded parts of Florida.

Georgia gas prices shot up 55 cents to an average of $2.76 a gallon in a three-week period from August 22 to September 12, according to AAA - The Auto Club Group. The state average is three cents less than a week ago, yet remains 52 cents more than this time previous year.

On Friday, the average price for a gallon of regular gas in Twin Falls was $2.77.

The least expensive gas price averages in Georgia are in Augusta-Aiken ($2.62), Columbus ($2.63), and Macon ($2.63).

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