Hurricane Ivan will likely affect gas prices The national average price of self-serve regular gasoline is two cents lower since mid-August at $1.839 per gallon, according to AAA's daily, online Fuel Gauge Report. The lower prices at the pump are welcome, the nation's largest organization for motorists said; however, Hurricane Ivan is not.
AAA said Hurricane Ivan has the potential to create upward pressure on gasoline prices throughout much of the nation in the next few weeks due to the safety-related shutdown of oil drilling platforms in the Gulf of Mexico, the slowdown or suspension of imported oil and gasoline deliveries to ports in the area, and the possible closure or significant reduction of refining operations along the Gulf coast.
The South Dakota statewide average price for self-serve regular gasoline is $1.871 per gallon, about 4.7 cents lower than a month ago. In Sioux Falls the average is $1.822, down 5.3 cents from last month. The Rapid City average is $1.969, down 3.2 cents from last month.
The national average prices for self-serve regular unleaded gasoline for AAA's mid-September survey for the last five years are: 2003, $1.689; 2002, $1.408; 2001, $1.537; 2000, $1.58; and 1999, $1.282. In South Dakota, the average prices for the same time period are as follows: 2003, $1.674; 2002, $1.459; 2001, $1.733; 2000, $1.642; 1999, $1.280.
As the nation's largest motoring and leisure travel organization, AAA provides 47 million members with travel, insurance, financial and automotive-related services. Since its founding in 1902, the not-for-profit, fully tax paying AAA has been a leader and advocate for the safety and security of all travelers. AAA clubs can be visited on the Internet at www.aaa.com.
AAA's Fuel Gauge Report is based on data from Oil Price Information Service, the nation's most comprehensive source of petroleum pricing information. AAA purchases the data and makes it available free on the Internet as a public service.
Average daily prices for the nation, all 50 states and more than 250 localities are available for all grades of gasoline, making the site the most current and complete public source of fuel price information.
For more information, go to www.fuelgaugereport.com.