Savannah gas prices increase by 2 cents in past week - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Savannah gas prices increase by 2 cents

Posted: Updated:

The average retail gasoline prices in Savannah rose 2.0 cents per gallon in the past week, averaging $3.31 per gallon on Sunday, according to 

This compares with the national average that has increased 5.0 cents per gallon in the last week to $3.40 per gallon. 

Including the change in gas prices in Savannah over the past week, prices on Sunday were 45.0 cents per gallon lower than the same day one year ago and are 7.9 cents per gallon higher than a month ago. 

"The rate of increase in the national average has accelerated over the last week, and the worst is likely yet to come," said Senior Petroleum Analyst Patrick DeHaan. "Oil prices continue to move higher as refineries continue their maintenance season, leading to a double whammy at the gas station. In addition, in another month we'll also start seeing refineries producing more expensive, cleaner burning summer gasoline, and that will likely keep upward pressure on retail gasoline prices. Just a handful of stations across the nation are seeing a price under $3/gallon, and a few weeks from today, motorists along the West Coast with perhaps a few other states will be wishing for those current $3 prices," DeHaan said. 

The national average has increased 12.5 cents per gallon during the last month and stands 32.6 cents per gallon lower than this day one year ago. 

Copyright 2014 WTOC. All rights reserved.

Powered by WorldNow