West U Gasoline Prices Drop Another Penny, Current Average $3.07 per Gallon

December 13, 2011

Average retail gasoline prices in West U dropped by another penny in the past week, to an average of $3.07 per gallon.

This compares with the national average that has fallen 0.7 cents in the last week to $3.28 per gallon, according to gasoline price website HoustonGasPrices.com.

Petroleum analyst Patrick DeHaan expects the current trend to reverse in upcoming weeks.

“Gasoline prices remain in limbo across parts of the U.S. while oil prices continue to swing in different directions as traders digest changes in market sentiment,” DeHaan said. “The national average remains subdued close to levels that we saw last week, but prices may soon move slightly higher as they follow a rising trend in wholesale gasoline prices.”

Including the change in gas prices in West U during the past week, prices yesterday were 29.2 cents per gallon higher than the same day one year ago and are 12.3 cents per gallon lower than a month ago.

The national average has decreased 15.0 cents per gallon during the last month and stands 32.2 cents per gallon higher than this day one year ago.

InstantNewsWestu Staff

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