Average retail gasoline prices in Savannah have fallen 6.3 cents a gallon in the past week to $1.99 a gallon on Monday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has fallen 5.8 cents a gallon in the last week to $2.05, according to gasoline price website GasBuddy.com.
Prices Sunday in Savannah were $1.27 a gallon lower than the same day one year ago and are 38.6 cents a gallon lower than a month ago. The national average has decreased 39.4 cents a gallon during the last month and stands $1.24 a gallon lower than one year ago.
“The light at the end of the tunnel is dimming as gasoline prices have nearly caught up with the drop in crude oil prices,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “We’ll certainly be watching the price of oil during this shortened trading week, and if oil fails to continue declining, it’s likely that it won’t get much better at the pump.”
A bright spot remains, however, for diesel consumers, DeHaan said.
“Diesel prices have eclipsed the decline in gasoline prices, with prices averaging a drop twice that of gasoline in the last week. Diesel now sells for an average of $2.89 a gallon and will fall another 10 to 25 cents in the next few weeks,” he said.
Some quick gasoline price statistics as of Monday:
• Missouri has the lowest state average in the country; at $1.75 today, it is one of 26 states averaging under $2.00/gal.
• Only one state is averaging above $3.00/gal today: Hawaii ($3.324).
• In the lower 48 states, California has the highest average at $2.498, followed by New York at $2.494.
• Every state has a lower average today than the same day last year. Michigan, at $1.911 today, has seen the biggest drop from the same day last year, down $1.40 from its January 19, 2014 average.
• Only two states have averages less than $1.00 lower than last year: Alaska (86cts lower) and Hawaii (71cts lower).
• There are only three states that don’t have a single station reporting a price under $2.00/gal:
1. Vermont (lowest station reporting at $2.09)
2. Alaska (lowest station reporting at $2.53)
3. Hawaii (lowest station reporting at $2.86)
• Of the 48 states (including Washington DC) with at least one station reporting a price under $2.00/gal, 42 of them have over 15 stations reporting under that threshold.
• 22 states don’t have a single station above $3.00/gal: AZ, ID, IN, IA, KS, MA, MI, MS, MO, MT, NE, NM, ND, OK, OR, RI, SC, SD, VT, VA, WV, WY