Birmingham
area gas prices have fallen for the second week in a row. Prices dropped an average of 8.3 cents per
gallon last week averaging $3.44 per gallon.
The national average of $3.67 per gallon is down nine cents.
The bad
news, prices are still higher they were one year ago, about 15 cents higher. The good news, prices are about 14 cents
lower than they were in September. The
national average has also dropped approximately 14 cents in the last month,
which is very significant.
"Only
one other time in the last few years have we seen the national average drop so
significantly
in the course of just a week, and that other time was in May 2011," said
GasBuddy.com
Senior Petroleum Analyst Patrick DeHaan. "Looking back at our data, we
only
see that prices dropped considerably more in autumn 2008 when the economy
slipped into a recession," DeHann said.
The
nation is not going through a recession, so this latest drop is significant.
