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Gasoline Prices on Decline

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By: WOWT Email
Posted: Mon 7:54 AM, May 14, 2012

Gas prices have dropped slightly in the Omaha metro. The 4.7 cent decline this past week, continues a trend toward lower prices at the pump.

OmahaGasPrices.com shows an average of $3.60 a gallon as of Sunday. That compared with a national average of $3.73 a gallon, which represents a 3.3 cents decline in the past week.

Prices, according to the fuel watching website, were 30.6 cents a gallon lower Sunday compared with a year ago. They're 20.8 cents lower than one month ago.

The national average has decreased 16.5 cents per gallon during the last month and stands 20.3 cents per gallon lower than one year ago.

"While gasoline prices east of the Rockies have been falling, the West Coast remains at the mercy of refinery production," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. GasBuddy operates OmahaGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada.

"The entire West Coast right now is looking for any reason for a continuation in the price rally we've seen in the last week as supply remains tight, and stakes high as Memorial Day weekend is just two weeks away," said DeHaan.

"While pump prices may continue their decline outside the West Coast, any refinery blip certainly has the potential for localized hot spots, and motorists should be aware of that."


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