It looks like San Antonio gasoline prices are finally coming back down to earth after the spike caused by Hurricane Harvey, and the bizarre 'gas panic' that occurred after the storm, News Radio 1200 WAOI reports.
The average gas price in San Antonio today is down to $2.24, which is down seven cents just in the past week."In San Antonio, drivers are paying 25 cents less than they were paying just a month ago," AAA Texas analyst Daniel Armbruster said.
He says the fact that Gulf Coast refineries are getting back up to normal production following Harvey, and Hurricane Nate caused only minimal damage to Gulf oil platforms and coastal oil assets when it came ashore last week are helping push down prices.
He says prices have fallen steadily in the weeks since the storm, and that is expected to continue.
"Our price is seven cents less than we were paying one week ago, but we are 29 cents above what we were paying on this day last year."
Armbruster says a combination of factors, from lower demand to the end of the more expensive cleaner burning fuel season to increased refinery operations should continue to push down gas prices, falling to below the $2 mark by the end of 2017.