Gas prices drop 8.7 cents in Alabama

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Average gas prices in Alabama fell 8.7 cents per gallon over the past week, down to an average of $3.19 a gallon as of Monday, according to GasBuddy‘s survey of 3,348 gas stations in Alabama.

Prices in Alabama are 18.3 cents per gallon lower than a month ago but remain 4.3 cents higher than this time last year.

Nationally, prices fell 11.9 cents, down to an average of $3.64. Diesel prices dropped 6.7 cents, down to $5.28 a gallon.

“What an incredible turnaround in the last week,” said GasBuddy Head of Petroleum Analysis Patrick De Haan. “While a decline was expected in more states than last week, I didn’t expect every single state to hop on the bandwagon so quickly. But, it’s terrific news as motorists prepare for Thanksgiving travel, with tens of thousands of stations under $3 per gallon, and thousands more to join in the next few weeks, barring a dramatic turnaround.”

De Haan said everyone will be seeing a little relief at the pump this week, and even more substantial declines are on the way after oil prices plummeted last week to under $80 a barrel.

“It’s not impossible that if oil markets hold here, we could see a national average of $2.99 around Christmas, certainly the gift that every motorist is hoping for,” he said.

According to GasBuddy price reports:

  • The cheapest station in Alabama was priced at $2.83 a gallon as of Sunday
  • The most expensive station in Alabama was priced at $3.89 a gallon as of Sunday

Around Tuscaloosa, you can get gas as low as $2.92. Check out where right here.

Categories: Alabama News, Local News