Gas Prices Down In 'Boro

Oct 10, 2016 at 09:17 am by bryan


Pump prices rose in Florida last week as gas stations struggled to meet surging demand due to Hurricane Matthew. The Florida average is 6 cents higher than this time last week. Meanwhile, state averages are 2 cents less in Georgia and about the same as last week in Tennessee. However, here in Murfreesboro some discounters started the week 8-cents lower than the previous week at $1.97 per gallon.

Some of the largest increases during the past week were 7 cents in Fort Myers, 8 cents in Miami, and 9 cents in West Palm Beach and Fort Lauderdale. Click here to view all state and metro gas prices averages.

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The ability to resupply gasoline hinges on the impact Hurricane Matthew had on the ports. Most of Florida's gasoline is delivered on waterborne tankers, stored at the ports, then picked-up by tanker trucks and transported to filling stations throughout the state.

Coastal markets in Georgia and South Carolina also rely on waterborne terminals for their fuel supply. Luckily marketers in these states have the option of traveling inland and picking up product from the Colonial and Plantation Pipelines.

"As the hurricane approached, Floridians flocked to the pumps in large numbers, leaving many gas stations on empty," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "It is not uncommon for outages to occur during a major storm like this, due to the spike in demand. Fortunately, trucks should be able to quickly resupply stations across the impacted area, barring any delays due to flooding and power outages."

The following ports were temporarily closed, bringing a halt to fuel shipments:

  • Port Canaveral - Open
  • Port of Jacksonville - Open
  • Port Everglades - Open
  • PortMiami - Open
  • Port of Savannah - Regular operations resume on Tuesday

Although gas prices rose an average of 6 cents, the increase could have been much larger if the hurricane was in the Gulf Coast. Much of Florida's gasoline shipments come from refineries in Texas, Louisiana and Mississippi. Anytime a major storm threatens these refineries, gas prices shoot up. Hurricane Matthew temporarily shut down ports along the east coast, but did not threaten refinery supply.

Nationally, drivers may continue to see pump prices wobble higher or lower in the next few weeks as the market reacts to the OPEC production agreement and continued refinery maintenance.


CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Two Years Ago
National $2.258 $2.259 $2.224 $2.182 $2.321 3.254
Florida $2.210 $2.199 $2.148 $2.199 $2.222 3.281
Georgia $2.289 $2.290 $2.307 $2.115 $2.164 3.243
Tennessee $2.140 $2.141 $2.137 $2.005 $2.026 3.053

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