average retail price of gas in Savannah remained unchanged in the past week,
averaging $3.65 per gallon on Sunday, according to GasBuddy's daily survey of
262 gas outlets in Savannah.
national average increased 2.5 cents per gallon in the last week to $3.65 per
gallon, according to GasBuddy.com.
the change in gas prices in Savannah during the past week, prices on Sunday were
30.2 cents per gallon higher than the same day one year ago and are 25.2 cents
per gallon higher than a month ago. The national average jumped 12.9 cents per
gallon during the last month and stands 16.5 cents per gallon higher than the
same day a year ago.
the national average has risen for the 12th straight week, it is likely nearing
a peak," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan in a
news release. "Gas price increases have continued since early February but
are likely nearing an end as oil refineries conclude seasonal maintenance, and the
switchover to summer gasoline is nearing completion. Meanwhile, oil inventories
are at their highest ever level as reported by the Energy Information
Administration, which cited crude oil stocks at a record high of 397.7 million
barrels, which should help propel oil prices lower in coming weeks as some
storage facilities near capacity. For motorists, the peak to retail gasoline
prices is likely very near, with some relief to follow in coming weeks as
pressure eases on factors that drive gasoline prices."