After 32 consecutive days going up, gas prices have fallendon't get to excited
Last week, average gasprices in Birmingham went up 3.6 cents per gallon, averaging $3.61/g Sunday,according to GasBuddy's daily survey of 550 gas outlets in Birmingham. Thiscompares with last weeks' national average of $3.72 per gallon, an increase ofalmost three cents, according to gasoline price website GasBuddy.com. Includingthe change in gas prices in Birmingham during the past week, prices Sundaywere about $.07 cents per gallon higher than the same day one year ago and are $.44cents per gallon higher than a month ago.
The national average hasincreased 42 cents per gallon during the last month and stands roughly $.09cents per gallon higher than this day one year ago. "The streak isover," 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 per gallon, and ending February 21 at $3.733 per gallon.The tide has now turned and the national average has dropped two days straight.This is certainly excellent news for disillusioned motorists- but I wouldcaution them not to get overly thrilled as prices may linger near these levelsfor some time," DeHaan said.