Gas prices hit three-year highs

Plastic bags indicate no gasoline at a Race Way gas station in Houston Sept. 1 2017. Nationally the average price of a gallon of regular gasoline continues to hit new highs for the year and there are some tentative signs the oil industry is making prog

A survey of gas prices conducted through AAA Northeast on Monday found self-serve, regular unleaded averaging $2.72 per gallon, one cent less than week ago.

The cost of gas shot up 32 cents in the two weeks when Houston refineries were closed due to Harvey.

From Aug. 29 to September 5, Pittsburgh-area pump prices increased 24 cents - the largest weekly spike in the region recorded since GasBuddy began keeping detailed data in 2007.

The good news for now: Barring another major hurricane or some other unexpected event that might rattle oil prices, the cost of filling up your vehicle should reach their lowest levels of the year this fall, according to the auto club known as AAA.

With refineries ramping up production in Harvey's wake, wholesale gasoline prices have eased as supply comes back online, allowing gas stations to begin passing along the lower prices. He says hurricane-related spikes are historically dramatic, but brief.

The disruptions caused gas prices to rise 28 cents nationally. Brent crude, the standard for worldwide oil prices, gained 15 cents to $55.62 a barrel in London.

The least expensive gas price averages in Florida are in Pensacola ($2.63), Tallahassee ($2.65), Fort Myers-Cape Coral ($2.69), according to AAA. And as it recovers, prices are expected to continue to drop.

Motorists in the Las Vegas Valley can enjoy a dip in gasoline prices. During the same time in 2014, oil was (and usually is) the main driver of pump prices, as crude traded between $65-$75 per barrel. Not a threat to make landfall, Hurricane Jose, a Category 1, is well off the shore of North Carolina. The West Palm Beach-Boca Raton market saw an average of $2.80 per gallon on Sunday while the average in Miami stood at $2.77 and at $2.74 in Fort Lauderdale.

That price is still 45 cents more than the days before Harvey. A year ago, the average was $2.157.

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