Savannah gas prices dip more than 3 cents in past week - WALB.com, Albany News, Weather, Sports

Savannah gas prices drop more than 3 cents

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Tifton schools get renovations

    Tifton schools get renovations

    Thursday, July 24 2014 11:10 AM EDT2014-07-24 15:10:57 GMT
    Eighth Street Middle School has new ceilings and renovated hallways, and  Matt Wilson is getting improvements too.More >>
    Eighth Street Middle School has new ceilings and renovated hallways, and  Matt Wilson is getting improvements too.More >>
  • 9-year-old raises funds for Flint RiverQuarium

    9-year-old raises funds for Flint RiverQuarium

    Thursday, July 24 2014 10:30 AM EDT2014-07-24 14:30:46 GMT
    The Flint RiverQuarium has more funds for feeding its animals thanks to the efforts of one 9-year-old girl.More >>
    The Flint RiverQuarium has more funds for feeding its animals thanks to the efforts of one 9-year-old girl.More >>
  • Metro Albany's jobless rate climbs .3%

    Metro Albany's jobless rate climbs .3%

    Thursday, July 24 2014 8:54 AM EDT2014-07-24 12:54:21 GMT
    Information from The Georgia Department of Labor- The Georgia Department of Labor says Metro Albany's unemployment rate increased to 8.7 percent in June, up three-tenths of a percentage point from 8.4More >>
    The rate increased because of seasonal factors, such as the summer job loss among non-contract school workers and temporary layoffs, primarily in manufacturing. There were 60,500 jobs in Albany in June, down by 300, or 0.5 percent, from 60,800 in May. Most of the loss came in state government and the service-related industries.More >>
SAVANNAH, GA (WTOC) -

Average retail gasoline prices in Savannah have fallen 3.2 cents per gallon in the past week, averaging $3.24 per gallon on Sunday, according to the gasoline price website GasBuddy.com. 

This compares with the national average that has fallen 2.2 cents per gallon in the last week to $3.27 per gallon. 

Savannah gas prices on Sunday were 10.9 cents per gallon lower than the same day one year ago and are 0.7 cents per gallon higher than a month ago. 

The national average has increased 4.7 cents per gallon during the last month and stands 1 cent per gallon higher than this day one year ago. 

"The national average has picked up some downward momentum over the last week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan in a news release. "It's likely that during this week, we will see gasoline prices again drop below their year ago levels yet again. However, as we're approaching February, the most recent drops will likely reverse as refineries begin their maintenance season, which will see refineries doing critical work preparing for summer at the expense of gasoline output, which will be a contributing factor to an upward rise in gas prices. Motorists should expect more volatility in late-February through May as the market generally reacts to any unexpected production related issues, and there are generally several issues each year," DeHaan said.

Copyright 2014 WTOC. All rights reserved.