Gasbuddy predicts further decrease in gas prices

Such as the change in gas prices within Seattle during the past week, costs yesterday were 91. four cents per gallon less than the same day one year back and are 23. 0 pennies per gallon lower than per month ago. The national typical has decreased 3. seven cents per gallon over the last month and stands 84. 5 cents per one gallon lower than this day one year before.

"Falling gasoline prices happen to be the name of the game after a brief tumulte, " said Patrick DeHaan, senior petroleum analyst with regard to GasBuddy. com. "49 from the nation's 50 states noticed gasoline prices falling typically six cents a one gallon during the last week, while the Midwest, previously hit with cost spikes, saw among the greatest declines as some refiners returned from maintenance, reducing supply concerns. Oil rates also took a break having seen the largest weekly increase because 2009 to post a big reduce last week. "

"At final week's close, a clip or barrel of West Texas Advanced crude was seen investing around $46/bbl, which definitely helped gasoline prices drop. The gasoline price atmosphere remains vastly improved compared to a year ago: just 13. 4% of nation's gas stations can advertise at over $2. 50/gallon today, while a year ago, totally of stations were more than that mark. Nearly 1 / 4 of the nation's gasoline channels are currently selling under $2/gallon, and that number will likely develop the months ahead because refiners continue to finish servicing and resume producing gas at a time when demand is actually low, contributing downward stress to gasoline prices, inch DeHaan said.

www.yuchaiie.com