Area Gas Prices Shrink

By Peter Neumann

Area Gas Prices Shrink

June 17, 2013

DETROIT, Mi. (My TV20 News at 10) --- Average retail gasoline prices in Detroit have fallen 27.9 cents per gallon in the past week, averaging $3.88/g Sunday.

This is according to GasBuddy's daily survey of 1,734 gas outlets in Detroit.

This compares with the national average that has fallen 2.1 cents per gallon in the last week to $3.61/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Detroit during the past week, prices yesterday were 14.4 cents per gallon higher than the same day one year ago and are 5.3 cents per gallon higher than a month ago. The national average has decreased 5.0 cents per gallon during the last month and stands 8.0 cents per gallon higher than this day one year ago.

"The national average has continued its downward decline in the last week, likely being helped by relief in the Great Lakes, a region that had been plagued with refining issues that have seemingly been resolved," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"While the national average stands higher than it did a year ago, we likely will see the average decline, and for motorists in the Great Lakes, the downward trend should mean well needed relief at the pump. Areas of California may see prices rising slightly in the days ahead, but at this time we aren't seeing any short term price spikes across the United States," DeHaan said.

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