Average retail gasoline prices in Savannah have fallen 3.2 cents a gallon in the past week to $3.24 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah. The national average has fallen 2.2 cents a gallon in the last week to $3.27, according to gasoline price website GasBuddy.com.
Prices Sunday were 10.9 cents a gallon lower than the same day one year ago and are 0.7 cents a gallon higher than a month ago. The national average has increased 4.7 cents a gallon during the last month and stands 1 cent higher than a year ago.
“It’s likely that during this week, we will see gasoline prices again drop below their year ago levels yet again,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “However, as we’re approaching February, the most recent drops will likely reverse as refineries begin their maintenance season, which will see refineries doing critical work preparing for summer at the expense of gasoline output, which will be a contributing factor to an upward rise in gas prices.
“Motorists should expect more volatility in late-February through May as the market generally reacts to any unexpected production related issues, and there are generally several issues each year.”