Average retail gasoline prices in Savannah have risen 2.1 cents per gallon in the past week to $3.26 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has increased 1.2 cents a gallon in the last week to $3.34, according to gasoline price website GasBuddy.com.
Prices Sunday were 4.0 cents a gallon lower than the same day one year ago and 6.5 cents lower than a month ago. The national average has decreased 8.5 cents a gallon during the last month and stands 8.6 cents lower than a year ago.
“Hard to believe, but in a week that saw U.S. air strikes on Iraq targeting ISIS (the Islamic State of Iraq & Syria) terrorism, the resulting ‘spike’ in crude oil prices was barely a ripple,” said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. “Undoubtedly, robust U.S. oil production this year has greatly reduced the potential volatility in global markets that such events would have otherwise induced.”