The Newnan Times-Herald

Local

Gas prices expected to decrease as supply returns to normal


  • By Kandice Bell
  • |
  • Sep. 21, 2017 - 9:54 PM

Drivers should get some relief at the pump as gas prices decrease after an interruption in supply because of Hurricanes Harvey and Irma.

Refineries in Texas had to shut down earlier this month because of the devastation of Hurricane Harvey, but gas supply is almost back to its pre-storm status, according to Joe Crain Jr. with Crain Oil Company Inc., a full-service petroleum marketer located in Newnan.

“Many of the refineries in Texas are almost back up and running at 100 percent,” Crain said. “Some of them may still be running below production.”

Crain said the gas shortage locally during Hurricane Irma can be attributed to the influx of Floridians to the Georgia.

“There were more people here than normal, and there were more people who needed to get enough fuel to get back,” Crain said.

Crain said gas prices should return to normal soon. “Gas supply and demand are beginning to get back to normal,” he said.

Patrick DeHaan, senior petroleum specialist with gasoline price website GasBuddy.com, said the rate of decreases will start to accelerate within the next week or so.

“Prices in Atlanta have dropped about four cents in Atlanta this past week, but only one cent statewide,” DeHaan said. “Gas prices will probably return to $2.25 between Halloween and Thanksgiving. So, we can expect to a 35-50 cent decline within the next four to six weeks.”

DeHaan said the Colonial Pipeline is slowly but surely ramping up supply.

Meanwhile, Cowetans will be glad to pay for cheaper gas.

“I drive 70 miles one way, so I fill up three times a week, and I use premium,” Suprina Brown said. “I am ready for prices to drop. It costs me about $36 more per week.”

Some locals who commute to Atlanta have decided to take public transportation.

“I was driving 50-plus miles one way, so I tried MARTA and made the executive decision that I’ll never drive to work again,” Ebony Davis said. “Best decision I ever made.”

The Metropolitan Atlanta Rapid Transit Authority, or MARTA, is the principal public transport operator in the Atlanta metropolitan area.

Gasoline in Newnan averaged between $2.60 and $2.73 on Thursday according to GasBuddy.com.