Gas prices at their lowest level of the summer

gas pump
File Photo. (MGN/WikiCommons)

FORT WAYNE, Ind. (WANE)  Average retail gasoline prices in Fort Wayne have risen 7.0 cents per gallon in the past week, averaging $3.46 a gallon on Sunday, August 24, 2014 according to GasBuddy’s daily survey of 201 gas outlets in Fort Wayne. This compares with the national average that has fallen 1.3 cents per gallon in the last week to $3.43 a gallon according to gasoline price website GasBuddy.com which powers wane.com’s Gas Gauge.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 17.3 cents per gallon lower than the same day one year ago and are 5.1 cents per gallon higher than a month ago. The national average has decreased 10.3 cents per gallon during the last month and stands 10.5 cents per gallon lower than this day one year ago.

“With Labor Day right around the corner, most Americans will be seeing the lowest prices of the summer,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “And the good news doesn’t end there, the national average is at its lowest levels for this time of year since 2010, when prices averaged $2.65 a gallon nationally during Labor Day weekend. While most Americans won’t have access to sub-$3 prices, a few hundred gas stations, mainly in the southern U.S., are offering gasoline under $3 a gallon today. And for those motorists in areas where gas prices tend to be high: just 1.5% of gas stations in the U.S. are selling for more than $4/gallon, so even California is in on the party at the pump,” DeHaan said.

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