Local Gasoline Prices Drop by Almost a Dime

October 30, 2012

Average retail gasoline prices in the West U area have fallen 9.5 cents in the past week, averaging $3.30 per gallon yesterday.

This compares with the national average that dropped 9.6 cents per gallon in the last week to $3.56, according to gasoline price website HoustonGasPrices.com.

Despite the recent downturn in gas prices, GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said the storm hitting the East Coast may result in uncertainty in the petroleum market.

“There is very little to look back at history and compare this storm to, and so far, it remains to be seen exactly how gasoline and diesel prices will be impacted. For motorists west of the Mississippi, there may be little change in prices because of the storm, but as you head east, especially in the states to be highly impacted, there may be disruptions at various levels,” DeHaan said. “However, any disruptions in supply may be offset by area-wide shutdowns of business, leading to curtailed demand for fuel. We will certainly be keeping everyone up-to-date on the GasBuddy blog throughout the storm.”

The GasBuddy blog can be found at http://blog.gasbuddy.com.

Including the change in gas prices in West U during the past week, prices yesterday were 9.6 cents per gallon higher than the same day one year ago and are 21.4 cents per gallon lower than a month ago.

The national average has decreased 23.1 cents per gallon during the last month and stands 10.2 cents per gallon higher than this day one year ago.

InstantNewsWestu Staff

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