Gas Prices Continue Their Slide

By Peter Neumann

Gas Prices Continue Their Slide

October 1, 2012 Updated Oct 1, 2012 at 9:46 AM EDT

DETROIT, Mi. (My TV20 News at 10) --- Average retail gasoline prices in Detroit have fallen 9.3 cents per gallon in the past week, averaging $3.85/g Sunday.

This compares with the national average that has fallen 2.4 cents per gallon in the last week to $3.79/g, according to gasoline price website DetroitGasPrices.com.

Including the change in gas prices in Detroit during the past week, prices yesterday were 50.9 cents per gallon higher than the same day one year ago and are 22.1 cents per gallon lower than a month ago. The national average has decreased 0.8 cents per gallon during the last month and stands 33.2 cents per gallon higher than this day one year ago.

"In the last few years, we've typically seen a seasonal downward trend at the gas pump as the cooler temperatures invade," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "We just haven't seen any sort of real decline at the pump yet this autumn. This year has seen one of the warmest ever- temperatures and gasoline prices alike.

High temperatures have been blamed on global warming, perhaps we're seeing a long term "pump warming" equivalent at retail pumps. Either way, the small drop in gasoline prices isn't to the satisfaction of many, and I don't see enough relief to satisfy the majority of American motorists any time soon," DeHaan said.

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