Gas Prices down 17.4 cents in Lima region

Posted November 28, 2017

The lowest price in Miami-Dade was $2.33 at Marathon on South State Road 7 and Northwest 199th Street in Miami Gardens.

The current national gas price average is $2.51, which is 38 cents more than this time past year.

More news: Miss South Africa Crowned Miss Universe

In the tricounty region, average pump prices were two cents less than a week ago, including in Broward County [$2.51], Palm Beach County [$2.58], and Miami-Dade County [$2.56]. "Driving factors for cheaper gas prices this winter include colder temperatures, the threat of inclement weather and online shopping".

AAA Northeast said Monday in its weekly survey that self-serve, regular unleaded is averaging $2.60 per gallon. At that time, gas was averaging $2.06 per gallon. Metro Detroit's current average is about $2.57 per gallon, about 10 cents less than last week's average and about 47 cents more than this same time previous year, according to AAA. The second half of 2017 has seen this trend continue to climb, with exports peaking to one of their highest points in 2017 - 906,000 b/d - last month. The price spike was driven by expectations of an extension of the current OPEC and Russian production cut through December 31, 2018.

More news: Roy Moore thanks Trump in new fundraising appeal

Recent news may give market observers hope that oil prices may push even higher ahead of OPEC's meeting on November 30, in Vienna.

All eyes will remain on key countries in the agreement, such as Russian Federation and Saudi Arabia, to see if they signal a willingness to extend the agreement through the end of the year or deepen the production cuts.

More news: Derrick Rose away from Cavs to consider future in National Basketball Association , reports say