Gas price drop slows to 2.4 cents over pas week

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Average gas prices in Alabama dropped another 2.4 cents per gallon in the past week, down to an average of $3.42 a gallon, according to GasBuddy‘s survey of 3,348 gas stations in Alabama.

Prices in Alabama are 37.8 cents lower than this time last month but remain 63.8 cents higher than this time last year.

Nationally, the price of diesel rose 7.3 cents to an average of $5.04 a gallon, and the price of gas fell 5 cents down to an average of $3.81.

“The national average has declined for another week, extending the slide for the 11th straight week,” said GasBuddy Petroleum Analysis Head Patrick De Haan. “Gas prices are now $1.20 per gallon lower than mid-June, with Americans spending $450 million less on gasoline every day as a result.”

But there could be trouble ahead.

“Some issues have developed that we’re keeping a close eye on,” De Haan said. “Including the shut down of the largest refinery in the Midwest. While that refinery may get back online sooner rather than later, it’s not impossible that down the road the situation could impact prices in the region. For the rest of the country, however, we’ll continue to see prices moderate. This is of course subject to hurricane season, and it does appear that the tropics are starting to see some activity, so there’s no guarantee the decline will continue.”

According to GasBuddy:

  • The cheapest station in Alabama was priced at $3.14 a gallon as of Sunday
  • The most expensive station in Alabama was priced at $4.39 a gallon as of Sunday

Around Tuscaloosa, you can get gas as low as $3.21. Check out where right here.

Categories: Local News