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Gas prices drop slightly in past week

Georgia, September 12- Average retail gasoline prices in Georgia have fallen 3.4 cents per gallon in the past week, averaging $3.52/g yesterday. This compares with the national average that has fallen 0.1 cents per gallon in the last week to $3.66/g, according to gasoline price website GeorgiaGasPrices.com.

Including the change in gas prices in Georgia during the past week, prices yesterday were 98.0 cents per gallon higher than the same day one year ago and are 2.5 cents per gallon lower than a month ago. The national average has increased 5.1 cents per gallon during the last month and stands 93.3 cents per gallon higher than this day one year ago.

"Late last week we started to see a drop in wholesale gasoline prices, which is the price stations pay. Such news means the national average may begin moving lower," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "While I'm hopeful we'll start to see lower retail gasoline prices in the days ahead, we have seen considerable volatility and I'd hate to see the market move higher in the days ahead, negating any expected drop in retail prices," DeHaan adds.

About GeorgiaGasPrices.com

GasBuddy.com operates over 200 live gasoline price-tracking websites, including GeorgiaGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.

Comments   

John
0 #1 John 2011-09-12 19:49
I think it is interesting how fast the oil companies increase prices but how slow they lower prices once the "self-proclaime d threat" is removed and barrel price drops.

3 cents... what a joke when the oil companies are profitting 6 Billion Dollars per sales quarter!!!!
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Stopthemadness
-1 #2 Stopthemadness 2011-09-13 15:40
You have the nerve to say something about this and yet on the other threads you berate a man who has been saying the same thing. Got to love that.
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