Prices Up 14 Cents in a Week

By Peter Neumann

Prices Up 14 Cents in a Week

February 25, 2013

DETROIT, Mi. (My TV20 News at 10) --- Average retail gasoline prices in Detroit have fallen 4.6 cents per gallon in the past week, averaging $3.81/g Sunday.

(From GasBuddy.com press release)

GasBuddy's daily survey covers 1,734 gas outlets in Detroit. $3.81 per/g compares with the national average that has increased 2.9 cents per gallon in the last week to $3.72/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Detroit during the past week, prices yesterday were 14.1 cents per gallon higher than the same day one year ago and are 49.3 cents per gallon higher than a month ago. The national average has increased 42.0 cents per gallon during the last month and stands 9.1 cents per gallon higher than this day one year ago.

"The streak is over," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "GasBuddy data showed the national average rising for 32 consecutive days- starting January 20 at $3.265/gal, and ending February 21 at $3.733/gal. The tide has now turned and the national average has dropped two days straight. This is certainly excellent news for disillusioned motorists- but I would caution them not to get overly thrilled as prices may linger near these levels for some time," DeHaan said.

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