Average retail gasoline prices in Savannah have not moved in the past week, staying at $3.65 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah. The national average has increased 2.5 cents a gallon in the last week to $3.65, according to gasoline price website GasBuddy.com.
Prices Sunday were 30.2 cents a gallon higher than the same day one year ago and are 25.2 cents a gallon higher than a month ago. The national average has increased 12.9 cents a gallon during the last month and stands 16.5 cents higher than a year ago.
“While the national average has risen for the 12th straight week, it is likely nearing a peak,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Gas price increases have continued since early February but are likely nearing an end as oil refineries conclude seasonal maintenance and the switchover to summer gasoline is nearing completion.”
Meanwhile, DeHaan said, oil inventories are at their highest level ever.
“For motorists, the peak to retail gasoline prices is likely very near, with some relief to follow in coming weeks as pressure eases on factors that drive gasoline prices, “ DeHaan said.