Average retail gasoline prices in Savannah have risen 2.6 cents a gallon in the past week to $3.32 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has increased 2.3 cents a gallon in the last week to $3.49, according to gasoline price website GasBuddy.com.
Prices Sunday were 10.4 cents a gallon lower than the same day one year ago and are 11.1 cents a gallon lower than a month ago. The national average has decreased 8.9 cents a gallon during the last month and stands 4.2 cents lower than this day one year ago.
“The national average has now dropped to its lowest level since February, and with the end of the summer driving season nearing, we’ll likely see gas prices continuing the downward trend,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices last week dropped to $95 a barrel briefly before rising the next day back to $97, but the important factor is that prices remain under triple digits.
“For motorists, we’re nearing the point that gasoline demand drops- after Labor Day- and also the upcoming switch back to cheaper winter gasoline will also put downward pressure on prices in mid-September.… It won’t be long before we’ll start to see a few cities seeing averages under $3 a gallon. Areas of Tennessee and South Carolina are already getting close.”.