Published: Tue, March 21, 2017
Worldwide | By Sean Reid

Gas Prices Decline for a Second Straight Week

Gas Prices Decline for a Second Straight Week

Average retail gasoline prices in Wyoming have not moved in the past week, averaging $2.21/g yesterday, according to GasBuddy's daily survey of 494 gas outlets in Wyoming. The number of stations selling gasoline under $2 per gallon rose to 10.9% today, up from 9.4% a week ago, while notably higher than a year ago (76.1%).

Gas prices slipped a cent or two in some places around the country in the past week, but predictions say that won't last long. "This seasonal trend, could push gas prices 25-50 cents higher by June, unless oil prices do not recover as expected".

Gasoline prices are nearly 30 cents higher per gallon than a year ago, but almost 15 cents lower than this time in 2015.

"While the drop at the pump is most welcome, we're almost guaranteed to see prices rebound well in time for Memorial Day and the start of the summer driving season", said Patrick DeHaan, a GasBuddy senior petroleum analyst.

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Benchmark West Texas Intermediate crude oil for April delivery traded down about 0.5% Monday morning at $48.52 a barrel, just a few cents a barrel less than a week ago.

Michigan's average is now the 13th-highest nationally. Nationally, the average cost is $2.29, which was the same as last week.

DeHaan noted that while a drop in gas prices are welcome among drivers, prices are almost guaranteed to rebound well in time for Memorial Day and the start of the summer driving season.

The cheapest: Augusta-Aiken ($2.07), Macon ($2.10), and Albany ($2.12).

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