How gas prices have changed in Florence in the last week

U.S. gasoline prices continue their descent this week as demand for oil remains weak worldwide. The average price for a gallon of gas fell 6 cents from last week after several straight weeks of declines.

This trend could continue for longer if hurricane activity remains subdued and conflict in the Middle East doesn’t spill over into oil markets.

In its monthly report, the International Energy Agency said the slowdown in demand was heavily influenced by a slowing economy in China. The agency also said that it expects consumers in developed countries to use less oil than they did before the COVID-19 pandemic and that “global demand will plateau by the end of this decade.”

Stacker compiled statistics on gas prices in Florence-Muscle Shoals, AL metro area using data from AAA. Gas prices are current as of September 16.

Florence by the numbers
– Gas current price: $2.77
— Alabama average: $2.78
– Week change: -$0.07 (-2.3%)
– Year change: -$0.67 (-19.5%)
– Historical expensive gas price: $4.62 (6/10/22)

– Diesel current price: $3.22
– Week change: -$0.09 (-2.7%)
– Year change: -$1.02 (-24.0%)
– Historical expensive diesel price: $5.66 (6/12/22)

Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.28
#2. Napa, CA: $5.23
#3. Santa Rosa, CA: $5.20

Metros with the least expensive gas
#1. Henderson, KY: $2.52
#2. Abilene, TX: $2.52
#3. Chattanooga (TN only), TN: $2.58

This story features writing by Dom DiFurio and is part of a series utilizing data automation across 371 metros.

You may also like: Where people in Florence are looking to buy homes