Local gas prices retreat to pre-Harvey levels

The average price for self-serve regular unleaded gasoline was about $2.45 per gallon as of Monday AAA Michigan said

Gas prices have finally dropped below where they were when Hurrican Harvey sent them skyrocketing. The Florida average is falling at a rate of a penny per day. "However, the strong supply of gasoline should help stave-off any gas price hikes that would otherwise be caused by such a surge in demand".

On Monday afternoon, the average price of a gallon of regular gas in OH was $2.21, while last week's average was $2.28.

AAA-The Auto Club Group is forecasting record numbers of travelers as 107.3 million Americans will be out and about during the crunch period from Saturday, Dec. 23, through Monday, Jan. 1.

Gas prices are expected to continue to fall based on last year's holiday trend. At this time past year, gas prices in Florida stood at $2.32 per gallon on average. The averages fell 3 cents in Florida to $2.37 and 4 cents in Georgia to $2.28.

More news: Instant analysis of Packers' season-ending loss to Panthers

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. In Pasco County this week, motorists were paying around $2.27 for unleaded.

With millions of Americans traveling during the Christmas and New Year's holidays, experts do not believe there will be an increase in gas prices, but rather a potential decrease.

"Gulf Coast refineries have completely recovered from the effects of Hurricane Harvey, and are now flooding the market with fuel in anticipation of strong demand during the year-end holidays", Jenkins said. "It's not as low as it was a year ago, but still fairly reasonable, the strong economy and high consumer confidence", said Grant.

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