12 September Here's What to Expect from Gas Prices in the Wake of Hurricane Irma September 12, 2017 By Laura Pavlus News Economic Development 0 Read full article here - Jacksonville Business Journal - September 12, 2017 A senior petroleum analyst has indicated the recent surge in gas prices after Hurricane Harvey are waning, and that prices should continue to decline despite the latest devastating hurricane that hit Florida this weekend. Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said gas prices are declining in many places and motorists should be gearing up for lower prices in the coming weeks. That's because prices that shot up after Hurricane Harvey inundated significant refineries along the Texas coastline are softening as the refineries come back online. While Hurricane Irma devastated parts of Florida over the weekend, driving up gas prices there, it wasn't close enough to any large scale energy industry resources to significantly impact prices for much of the country. "Harvey may be long gone, but his wrath continued to drive gasoline prices up in much of the country in the last week. However, the effects are finally starting to weaken as refineries return to production and fuel begins to flow once again from many Houston refineries," DeHaan said. "The national average gasoline price appears to have peaked last week Thursday at $2.67 per gallon and is beginning to slowly decline for the time being." "Once again, motorists shouldn't expect to see any impact from Irma on gasoline prices due to the path being a considerable distance from sensitive areas of the energy sector. With summer driving season now over, motorists stand to benefit from falling demand, which will help refineries bring gasoline inventories back to normal and thus gas prices, but as many Americans are now acutely aware, the impact on gas prices can outlive a storm, especially one like Harvey." Florida gas prices were averaging $2.72 a gallon yesterday, according to The Auto Club Group, the second largest AAA club in the U.S. The most expensive gas price averages in the state were in the West Palm Beach/Boca Raton area at $2.80 a gallon, in Miami at $2.77 a gallon and in Fort Lauderdale at $2.75 a gallon. Florida's least expensive gas per gallon could be found in Pensacola at $2.65, Tallahassee at $2.70 and the Fort Myers/Cape Coral area at $2.70. Related Jacksonville's Office Market Benefited from a Strengthening Economy as Job Creation Continued "With a growing population and a strengthening economy, both national and local businesses look to Jacksonville as a top-tier market for operations," said Colliers, which represented Gramercy Woods in the Aetna transaction. Clay County Schools One Point Away from "A" District Letter Grade The Clay County School District was one point away from being named an “A” District in recent scores released last week by the Florida Department of Education for the 2016-2017 school year. Moves From the Snow Belt to the Sun Belt are Back Up to Pre-recession Levels Almost 600,000 Americans moved from the Midwest and Northeast to the Sun Belt states last year, the most since 2005, according to Brookings Institution demographer William Frey. Migration is boosting growth along Southeast and Western coasts as well as Nevada and Arizona, reflecting a healthier national economy that has made it easier to re-locate. Clay County is Excited to Join the Co-Working Movement and Here's Why..... The stated #1 priority of the Clay County Board of County Commissioners is economic development and their actions speak even louder than their words. One of the many strategic moves Clay is making towards this mission is with the addition of a co-working entrepreneurial center in Green Cove Springs. Co-working spaces are gaining popularity nationally and here's why...... New Route Starts Service from Jacksonville International Airport Allegiant began flights to Louisville, Kentucky Friday and will begin flights to Norfolk Virginia June 14 with introductory rates as low as $54 one way. With the new routes, announced in April, Allegiant (Nasdaq: ALGT) will offer flights to eight destinations from Jacksonville. The two seasonal routes are expected to draw 6,000 visitors to the area each year. Marine Corps and Boeing Resurrect F/A-18 Fighters As the Navy and Marine Corps face dire readiness challenges in their tactical aviation fleets, Boeing is stepping up to add capabilities and longevity to older F/A-18 Hornets and Super Hornets. The C+ work is being performed at Boeing’s Cecil Field facilities in Jacksonville, Florida. During an exclusive tour of the facilities, Maxwell showed National Defense the first reconstituted aircraft from the boneyard. Showing 0 Comment Comments are closed.