US Gas Prices Change Slightly Over the Past Week

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US Gas Prices Change Slightly Over the Past Week

The average price of gas by the gallon on Monday in New Hampshire was $3.45, which is 2 cents above national average, which rose to $3.43 last week. In the past week, the prices of gas have not changed.

According to Bloomberg, the prices in New Hampshire are 18.9 cents per gallon lower than a year back and 11.4 cents per gallon lower than what they were a month ago. The national average dropped 7.1 cents per gallon the past month and is at 16.1 cents per gallon less in comparison to a year back.

Fox Business reported that in Michigan State, gasoline prices have risen by approximately 8 cents in the past week. On Monday, the average price per gallon of the self-serve unleaded regular gas was $3.59, which is about 15 cents lower than a year ago.

AAA Michigan, based in Dearborn surveys the cost of fuel in about 2,800 gas stations in Michigan. The lowest price of fuel in the past week stands at $3.48 per gallon and the highest price per gallon was $3.62.

According to a survey by GasBuddy on 628 gas stations, the average retail price for gas in South Dakota was up by 2.1 cents a gallon, averaging $3.44 a gallon yesterday. The prices were 24.4 cents a gallon lower than they were a year ago and they remained unchanged since a month ago.

Patrick DeHaan, senior petroleum analyst at GasBuddy said, “With the summer driving season behind us, motorists can look forward to a national average for gasoline that soon resumes its decline. Falling demand and an impending change back to cheap winter will begin to weight on current gasoline prices in the next few weeks and by mid-September, much of the nation should see gasoline prices falling once again.”

According to DeHaan, the national average is likely to reduce by another 5 to 10 cents a gallon by October and lower than $3.31 a gallon by Halloween.

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To contact the reporter of this story; Jonathan Millet at john@forexminute.com