Average retail gasoline prices in Savannah have fallen 11.4 cents a gallon in the past week to $2.98 gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has fallen 6.1 cents a gallon in the last week to $3.12, according to gasoline price website GasBuddy.com.
Prices Sunday were 30.5 cents a gallon lower than the same day one year ago and are 28.2 cents a gallon lower than a month ago. The national average has decreased 22.9 cents a gallon during the last month and stands 23.1 cents lower than a year ago.
“The national average again saw a hefty decline over the last week, and we now stand a mere dime away from seeing prices nationally average under $3 a gallon,” said GasBuddy.com senior petroleum analyst Patrick DeHaan. “The national average stands now at its lowest point since January 18, 2011, and by the end of this week, it could stand at its lowest since late 2010.
Every day, Americans are spending over $100 million less on their gasoline purchases than they did a year ago, some of which will be injected back into the economy in other forms, and with the economic concerns taking shape lately, it could help jolt things back in the right direction.”
DeHaan said he expects the national average tobreak the $3 a gallon mark by around election day on Nov. 4.