Updated: Gas prices drop in Delaware

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Gas prices dropped eight cents in Delaware over the past week as pipelines running through the Carolinas remained unaffected by flooding from Florence, Wilmington-based AAA Mid-Atlantic reported.

The drop came after a run-up in prices in Delaware earlier in the month. Prices as low as $2.69 a gallon reported in the Lewes-Rehoboth area, which has seen aggressive expansion by Wawa and Royal Farms.

Gas prices from Fri. (left) to Sun.
Pennsylvania
$3.05
$3.05
$3.06
New Jersey
$2.86
$2.86
$2.87
Delaware
$2.75
$2.75
$2.76
Maryland
$2.81
$2.81
$2.81
Philadelphia (5-county)
$3.05
$3.05
$3.06
South Jersey
$2.77
$2.78
$2.78
Bloomsburg
$3.08
$3.08
$3.08
Wilkes-Barre
$3.05
$3.05
$3.05
National
$2.85
$2.85
$2.85

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $70.78 per barrel, up $1.79 from last Friday. The increase continued into Monday, with crude oil hitting $72.

On Wednesday, WTI contracts hit their highest point since late July following the latest Energy Information Administration reported shrinking inventories.

Representatives of OPEC members and its outside allies will meet September 23 where they are likely to discuss an official increase in crude output.

“With summer in the rearview mirror,gasolinedemand has slumped, falling to one of its lowest rates for the season last week,” said Jana L. Tidwell, manager of Public and Government Affairs for AAA Mid-Atlantic. “Supply and demand for gasoline seems to be in sync but that balance may tip soon as more gas stations begin to sell cheaper-to-produce winter-blend gasoline.”

As parts of North and South Carolina continue to recover from the impact of Hurricane Florence, gas prices in those states have not been impacted to any great extent.

Gasoline stocks in the hurricane-impacted area are healthy, but delivery of gasoline will be an impediment to meeting demand in coastal areas in the near future.

As power is restored, the water recedes and roads reopen, communities will have a better idea of how quickly fuel deliveries can be made to gas stations in the area. While fuel availability at stations is a concern, AAA expects station outages to be short-lived.

To check out prices in your neighborhood log on to AAA’s Fuel Price Finder (http://www.AAA.com/fuelfinder).

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