Delaware gas prices jumped a dime on Wednesday as Tropical Storm Gorden barreled into the Gulf Coast.
AAA reported the following average gas prices in Delaware as of Wednesday. Prices, from left to right are for regular, mid-grade, premium and diesel.
|Week Ago Avg.||$2.739||$3.084||$3.283||$2.990|
|Month Ago Avg.||$2.828||$3.140||$3.374||$3.010|
|Year Ago Avg.||$2.692||$2.927||$3.140||$2.630|
It is possible that the increase is the result of a recent drop in East Coast refinery utilization. in August, to 89 percent- a drop that may be related to the unplanned shutdown of a Phillips 66’s refinery in the New York area last month, according to AAA.
“With tightened supply in the region, the impact is likely just now catching up to prices at the pump. It looks like prices are slowly starting to creep up in other parts of the Northeast, although Delaware has definitely seen the largest overnight increase,” AAA stated.
Motorists took advantage of these stable and lower prices by driving gasoline demand to its highest level ever on record for the week ending August 24, according to the Energy Information Administration, AAA noted.