Late week dip in gas prices will help, prices still higher - ABC 33/40 - Birmingham News, Weather, Sports

Late week dip in gas prices will help, prices still higher

Posted: Updated:

The national average for gas fell almost three cents per gallon last week, while prices in Birmingham climbed almost three cents per gallon to an average of 3.53 per gallon.

"The national average has again seen a decrease in the last week, as California joins much of the rest of the United States in seeing lower prices," said Senior Petroleum Analyst Patrick DeHaan. "Even though there hasn't been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower."

Prices in the Birmingham area have already started to decline this week.  How low they go remains to be seen.  Prices Sunday were 23 cents higher per gallon than the same day one year ago and are 12 cents lower per gallon than a month ago. The national average has decreased 9.0 cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.  

"In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices," DeHaan said.

Most Popular