Average retail gasoline prices in Grand Rapids fell 16.6 cents per gallon in the past week, averaging $3.28/g Monday. This compares with the national average that has fallen 5.9 cents per gallon in the last week to $3.46/g, according to gasoline price website GrandRapidsGasPrices.com.
Gas in Cedar Springs on Wednesday was $3.20 per gallon.
Including the change in gas prices in Grand Rapids during the past week, prices yesterday were 54.0 cents per gallon higher than the same day one year ago and are 53.9 cents per gallon lower than a month ago. The national average has decreased 20.3 cents per gallon during the last month and stands 73.3 cents per gallon higher than October 3 one year ago.
“Motorists are certainly delighted that average gasoline prices are at their lowest since early March, but compared to prices a year ago, motorists are still feeling a pinch at the pump,” said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. “It’s great to see gasoline prices falling, but at the same time, prices a year ago were nearly 75 cents less per gallon. The good news is that over the upcoming weeks, there will continue to be factors that could put more downward pressure on oil and gasoline prices. I continue to expect that average gasoline prices will bounce between $3.25-$3.50 for much of the rest of 2011,” added DeHaan.