Gas prices nearly 40 cents cheaper than a month ago

gas pump
File Photo. (MGN/WikiCommons)

FORT WAYNE, Ind. (WANE) – Average retail gasoline prices in Fort Wayne have fallen 12.7 cents per gallon in the past week, averaging $3.56 a gallon on Sunday, June 29, according to GasBuddy’s daily survey of 201 gas outlets in Fort Wayne. This compares with the national average that has not moved in the last week to $3.68 a gallon according to gasoline price website GasBuddy.com which provides the data for wane.com’s Gas Gauge.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 23.6 cents per gallon higher than the same day one year ago and are 39.9 cents per gallon lower than a month ago. The national average has increased 3.5 cents per gallon during the last month and stands 17.7 cents per gallon higher than this day one year ago.

“Just in time for the July 4 weekend, it appears the national average has hit a new 2014 high in the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The good news is that we’re seeing signs that the peak price we hit last week is starting to unwind, but with July 4 just days away, motorists shouldn’t be expecting any big retreats in price before the weekend. The situation in Iraq has cooled, and if the situation remains calm and hurricane season continues to be a non-story, motorists will continue to see a slow decline in prices. But while the situation is slowly turning around and prices declining, it will still be the most expensive July 4 at the pump since 2008,” DeHaan said.

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