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Gas prices increased last week

October 18, 2011
Filed under News

Average retail gasoline prices increased 6.3 cents per gallon in the last week to $3.49 per gallon, according to gasoline price website GasBuddy.com.

The national average has decreased 12 cents per gallon during the last month and stands 66.3 cents per gallon higher than this day one year ago.

“Highlighting what I’ve reiterated for weeks, we’re seeing gasoline prices continue their volatile trend, and this time that trend is upward,” said Patrick DeHaan, GasBuddy.com senior petroleum analyst. “So far, the national average hasn’t taken off … but I do expect that over the next week, we’ll see a continued rise in gasoline prices. Prices will rise slowest in the Rockies, while moving fastest in the Great Lakes, as we’ve already witnessed. It’s important to note that wholesale gasoline prices are now at their highest since early September, when the national average was $3.66/gallon.”

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