Average retail gasoline prices in West U have fallen 5.4 cents per gallon in the past week, averaging $3.35 for unleaded regular as of yesterday.
This compares with a national average that has fallen 4.2 cents in the last week to $3.61 per gallon, according to gasoline price website HoustonGasPrices.com.
Senior Petroleum Analyst Patrick DeHaan said while it took until the end of summer for prices to fall, he was certain motorists “won’t complain that we’re finally seeing some drops in prices.”
“We’ve seen wholesale prices continue to be somewhat volatile, but I believe as we enter October we’ll see markets slowly quiet down with retail gasoline prices falling to $3.35-$3.55 on average by Thanksgiving, with the exception being typical hotspots on the West Coast,” DeHaan said.
Including the change in gas prices in West U during the past week, prices yesterday were 84.0 cents per gallon higher than the same day one year ago but 9.5 cents per gallon lower than a month ago.
The national average has increased 2.4 cents per gallon during the last month and stands 88.0 cents per gallon higher than this day one year ago.
