Gas Prices down 17.4 cents in Lima region

Gas Prices down 17.4 cents in Lima region

AAA said Monday that motorists this year are expected to pay the highest November and December gas prices since 2014.

Florida's average price for unleaded regular was $2.46 on Monday - three cents less than a week ago and 36 cents more than the same date past year, according to AAA. Nationally, prices have fallen 3.9 cents per gallon to $2.49.

The auto club expects prices to decline 5 to 20 cents per gallon by the end of the year. AAA analysts found gas for as low as $2.33 and as high as $2.65.

Look for gas prices to dip lower through the end of 2017. This year, the typical factors that drive gas prices down in winter were outweighed by the impact of two major hurricanes, steady consumer demand and continued growth in gasoline exports. In fact, current prices rank five of the regions states as the top most expensive states in the country: Alaska ($3.26), Hawaii ($3.24), California ($3.19), Washington ($2.99) and OR ($2.84).

This December drivers will not find significant savings at the gas pump but, AAA says, early 2018 looks promising. That's three cents below the national average of $2.51. OPEC's decision may reverberate at pumps in the months and year ahead, and while the decision is likely to be an extension of production cuts made at their meeting a year ago, it's certainly not yet guaranteed.

AAA said the gas price increases the Northeast region saw during November were partially a result of gas inventories being at their lowest points for this time of year since 2014.

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