GasBuddy: Gasoline prices plummet

31 Aug 2015 | Author: | No comments yet »

Gas prices drop in metro Savannah.

CONCORD, N.H. (AP) – In contrast to the national picture, gas prices in New Hampshire have fallen 8.4 cents per gallon in the past week, to an average of $2.35. While oil prices rallied late last week, I don’t yet expect it to impact pump prices, as they still have some catching up to do with the drop in crude oil prices. Since June 30, oil prices have fallen 23 percent. while retail gasoline prices have fallen about half that amount, so gasoline prices will move lower again this week,” DeHaan said.

The national average has decreased 19.5 cents a gallon during the last month and stands 96.4 cents a gallon lower than one year ago. “Nationally, gas prices saw their largest weekly drop of the year,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “Prices moved lower in all but one state, Utah, with plunges at the pump throughout the Great Lakes as a result of BP’s Whiting, Ind., refinery coming back online.

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