Gas prices continue falling: Down 17 cents in Alabama

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Gas prices are still on a major downswing, to the relief of drivers across Alabama.

Last week, prices fell 17.2 cents a gallon down to an average of $4.08 in the state as of Monday, according to GasBuddy‘s survey of 3,348 stations across the state.

Prices are 50 cents lower than this time last month, but remain $1.25 higher than this time last year.

Nationally, the price of diesel fell 10.8 cents and stands at an average of $5.54 a gallon, and the price of gas fell 15.8 cents to an average of $4.51 a gallon.

“We’ve seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we’ve seen in years,” said GasBuddy Petroleum Analysis Head Patrick De Haan. “This trend is likely to reach a sixth straight week, with prices likely to fall again this week.”

According to GasBuddy, the cheapest station in Alabama was priced at $3.43 on Sunday while the most expensive was priced at $4.89. That’s a difference of $1.46 a gallon, so keep an eye on where you shop.

But expect even lower prices ahead.

“Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99 a gallon by mid-August,” De Haan said. “So far, we’ve seen the national average drop for 34 straight days, with over 25,000 stations now back at $3.99 per gallon or less. We will see several states fall back under an average of $4, the majority being in the South, but that could spread to more states in the weeks ahead.”

Around Tuscaloosa, you can get gas as low as $3.71. Check out where right here.

Categories: Alabama News, Local News