Gas prices fall again

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Gasoline prices in Tacoma have fallen 6.6 cents per gallon in the past week, averaging $2.99 per gallon, according to GasBuddy’s daily survey of 271 stations in Tacoma. This compares with the national average that has increased 0.5 cents per gallon versus last week to $2.24 per gallon.

Including the change locally during the past week, prices yesterday were 8.0 cents per gallon higher than a year ago and are 19.0 cents per gallon lower than a month ago. The national average has dropped 14.1 cents per gallon during the last month and stands 28.4 cents per gallon lower than a year ago.

“With oil prices back over $50 per barrel, it looks like gas prices in more areas may soon bottom out and start to tick higher. While it doesn’t seem that prices will rise very far, it looks more and more like the lowest price of the year may now be behind us,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The national average briefly hit $2.22 per gallon last week, but will likely move up slightly or stabilize this week. Gas prices in the Great Lakes saw a noticeable jump last week and tend to see among the earliest trend changes in the country, which may be a harbinger of what’s to come for the rest of us.”

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