Gas Prices Down 16 Cents From Last Month
By: News Release
Updated: November 28, 2011
Average retail gasoline prices in Texas have fallen 3.8 cents per gallon in the past week, averaging $3.10 per gallon yesterday. This compares with the national average that has fallen 4.1 cents per gallon in the last week to $3.32 per gallon, according to gasoline price website TexasGasPrices.com.
Including the change in gas prices in Texas during the past week, prices yesterday were 47.8 cents per gallon higher than the same day one year ago and are 15.9 cents per gallon lower than a month ago. The national average has decreased 14.4 cents per gallon during the last month and stands 46.3 cents per gallon higher than this day one year ago.
"The national average in the U.S. is at its lowest since February 25, but remains at record highs for this time of year," according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While the downtrend in gasoline prices has certainly been welcome news for motorists, I see the trend short-lived, and believe we may see continued volatility in the days ahead, but even with said volatility I do expect many Americans will see average prices between $3.25-$3.50 for the rest of 2011," he added.
Including the change in gas prices in Texas during the past week, prices yesterday were 47.8 cents per gallon higher than the same day one year ago and are 15.9 cents per gallon lower than a month ago. The national average has decreased 14.4 cents per gallon during the last month and stands 46.3 cents per gallon higher than this day one year ago.
"The national average in the U.S. is at its lowest since February 25, but remains at record highs for this time of year," according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While the downtrend in gasoline prices has certainly been welcome news for motorists, I see the trend short-lived, and believe we may see continued volatility in the days ahead, but even with said volatility I do expect many Americans will see average prices between $3.25-$3.50 for the rest of 2011," he added.
