GasBuddy: Prices at the pump fell on Monday, a price hike again possible

HUNTSVILLE, Ala. (WHNT) – Gas prices have continued to fall over the past week in Huntsville, according to GasBuddy.

Prices averaged $3.56 a gallon on Monday, down 13 cents from a week ago. That’s 57.5 cents less than the same time in July, but 75.6 cents more than the same time in 2021.

Across Rocket City, prices varied widely on Sunday; GasBuddy said the cheapest station was $3.29/gallon, while the most expensive was $3.99/gallon, a difference of 70 cents.

At the state level, Huntsville was in the middle of the pack. Sunday prices in Alabama ranged from $3.11/gallon to $4.39/gallon, a difference of $1.28/gallon.

Across the region, averages continued to decline:

  • Birmingham – $3.54/gallon, down 7.2 cents last week
  • Chattanooga – $3.36/gallon, down 10.4 cents from last week
  • Tennessee – $3.48/gallon, down 10.8 cents from last week

Nationally, both gasoline and diesel have fallen over the past week. Gas has fallen 9.9 cents over the past week and now sits at a national average of $3.92/gallon. That’s 63.7 cents from the same time in July, but 74.8 cents higher than the same time in 2021. Diesel fell 14.8 cents to $5.27/gallon.

As Monday’s drop marks the ninth consecutive week of falling gasoline prices, GasBuddy said there were signs prices could rise again.

“For the ninth straight week, gasoline prices have continued to decline, but the streak is likely to be interrupted this week as wholesale gasoline prices rebounded around 40 cents per gallon as oil prices rebounded. This means that the decline in average prices could end soon, with price increases possible as early as this week, especially in the Great Lakes regions. While the West Coast and parts of the Rockies may see prices continue to fall, I think the national average could rise this week as the better-than-expected jobs report last week likely means less demand destruction. provided that.

Patrick De Haan, Head of Petroleum Analysis at GasBuddy


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