Average retail gasoline prices in Savannah have risen 0.8 cents a gallon in the past week to $2.02 a gallon on Sunday, according to GasBuddy’s daily survey of 262 gas outlets in Savannah.
The national average has increased 2.7 cents a gallon in the last week to $2.05, according to gasoline price website GasBuddy.com.
Prices Sunday in the Savannah area were $1.22 a gallon lower than the same day one year ago and were 14.4 cents a gallon lower than a month ago. The national average has decreased 15.7 cents a gallon during the last month and stands $1.227 cents a gallon lower than a year ago.
“The four-month slide in gasoline prices has indeed come to a halt. A reduction in refinery output has been matched in recent weeks by sharp increases in wholesale gasoline prices,” said Gregg Laskoski, senior petroleum analyst with GasBuddy. “Since Jan. 7 through Fridaywholesale prices on average are up 20 cents a gallon; so there’s no doubt now that the first-quarter climb is under way and is already being reflected in rising prices at the pump.”