Published On: Mon, Nov 9th, 2015

Gas prices up nearly five cents in metro Savannah

gas-prices-418x215Average retail gasoline prices in Savannah have risen 4.8 cents a gallon in the past week to $2.15 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.

The national average has increased 2.7 cents a gallon in the last week to $2.22, according to gasoline price website GasBuddy.com.

Prices Sunday in metro Savannah were 66.7 cents a gallon lower than the same day one year ago and are 2.8 cents a gallon lower than a month ago. The national average has decreased 10.4 cents a gallon during the last month and stands 70.5 cents lower than one year ago.

“Motorists were hit with rising gas prices in 33 of the nation’s 50 states, catching up with recent increases in crude oil prices, while the Midwest, stung from increases from the previous week, saw relief,” said Patrick DeHaan, GasBuddy senior petroleum analyst.

“While we’ll see lower gasoline prices to return to much of the country in the weeks ahead, these types of isolated blips in gasoline prices do occasionally happen during times when crude oil prices are volatile,” DeHaan said.

“With recent Fed comments about raising interest rates propelling markets, don’t be surprised if we see occasional small gas prices increases followed by decreases, leading to a lower gasoline prices in time for the holidays.”

 

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