West Texas gas prices continue to fall

West Texas gas prices continue to fall

West Texas gas prices continue to fall

The national average price for a gallon of regular unleaded is $2.26, which is two cents less than last week and 53 cents more per gallon than previous year. That is the same costs that were reported in the previous week's survey.

DeHaan added that the national average typically rises 35 to 65 cents from February to Memorial Day. A regular gallon of unleaded self-service gasoline in MI will run you $2.31.

Along with higher demand for gasoline, trends in the oil market could push prices higher.

Benchmark U.S. crude rose 86 cents, or 1.6 percent, to close at $53.86 a barrel Friday in NY.

At the closing of Friday's formal trading session on the NYMEX, WTI was up three cents to settle at $53.86 per barrel, but $12.89 above one year ago.

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At this time in January, prices were about 14 cents higher.

According to AAA's Daily Fuel Gauge Report, the highest average in Georgia on Monday was in metro Savannah, where drivers were paying $2.21 a gallon, about a penny higher than metro Atlanta's average.

Gas prices have fallen for yet another week in Midland-Odessa.

The prices for a gallon of regular unleaded gas on Monday across the Bradenton-Sarasota area, according to AAA.

The US Energy Information Administration's latest weekly estimates of US gasoline demand reveals that January 2017 figures are down six percent from January 2016 and are at their lowest standing for the first month of the year since 2012.

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