Gas Prices Fall to Pre-Katrina Levels

After a spike to nearly $4 a gallon in parts of the country, gas prices have returned to pre-Katrina levels.

Gas Prices Return to Pre-Katrina Levels (AP)

Retail gas prices plunged an average of 23 cents nationwide in the past two weeks, marking a return to pre-Hurricane Katrina levels, according to a survey. The weighted average price for all three grades declined to $2.45 a gallon on Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country. Self-serve regular averaged $2.43 a gallon nationwide. The price for midgrade was $2.53, while premium-grade hit $2.63.

The average pump price for all three grades on Aug. 29, the day Katrina made landfall on the Gulf Coast, was $2.65, according to the survey. The lowest average price in the nation for regular unleaded among the stations surveyed was $2.06 a gallon in Tulsa, Okla. The highest was $2.74 in Miami.

Good news, indeed. I’m sure President Bush will get tons of credit for this trend, since he was blamed for the price spike.

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James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.

Comments

  1. Just Me says:

    Ours fell below the pre Katrina level a few weeks ago.

    Ours is actually the lowest I have seen it since last Spring.

  2. Bithead says:

    Amazing, what just the threat of ANWR coming online can do.

  3. Herb says:

    Isn’t it strange that gas prices fall at the same time the major oil company CEO’s are to appear in front of comgressional hearing on the high profirs poated.

  4. Rodney Dill says:

    I’ve just Paid $2.19 a Gallon

  5. Josh Cohen says:

    I gather the end of your post was satire. Don’t you know that credit for anything good is given to the democrats, but blame for anything bad is forced on the republicans?

  6. Bithead says:

    I dunno, James, as I’d give people who blamed GWB for the hurricane, to be smart enough to recognize anything but their own fairy tale.

  7. legion says:

    Good news, indeed. I’m sure President Bush will get tons of credit for this trend, since he was blamed for the price spike.

    I dunno, James, as I’d give people who blamed GWB for the hurricane, to be smart enough to recognize anything but their own fairy tale.

    I know – let’s ask the people who blamed the hurricanes on the sinful cities & poor folk who got hammered the worst by them!

  8. I look forward to the Fed not raising interest rates for the thirteenth consecutive quarter next time they meet after the deflationary effects of the price decreases for petroleum products take hold.

  9. McGehee says:

    I know – let’s ask the people who blamed the hurricanes on the sinful cities & poor folk who got hammered the worst by them!

    You mean al Qaeda?

  10. Bithead says:

    Damn… wish Ah’d tota dat.
    (smile)