Savannah gas prices dip slightly in past week - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Savannah gas prices dip slightly


The average retail gasoline prices in Savannah have fallen 2.4 cents per gallon in the past week, averaging $3.61 per gallon on Sunday. This compares with the national average that has fallen 1.8 cents per gallon in the last week to $3.62 per gallon, according to 

Including the change in gas prices in Savannah during the past week, prices Sunday were 25.4 cents per gallon higher than the same day one year ago and are 2.6 cents per gallon higher than a month ago. 

"Pump prices have continued to recede across much of the country, although decreases have been small so far," said Senior Petroleum Analyst Patrick DeHaan. "The national average peaked in the closing days of April and has moved down a few cents per gallon, and we'll likely continue to see prices dropping as we approach Memorial Day. California continues to see the largest decreases thanks to increasing supply and falling wholesale prices. On the other hand, Oregon and Washington may see slight increases in prices as supply remains tight. The national average by Memorial Day will be between 5-10 cents per gallon lower than today, which would represent a nice decrease over where gasoline prices were on Memorial Day 2013," DeHaan said. 

The national average has increased 2.9 cents per gallon during the last month and stands 4.9 cents per gallon higher than this day one year ago. 

Copyright 2014 WTOC. All rights reserved.

Powered by Frankly