Gas prices closed the summer driving season with the lowest prices since 2010 says one analyst despite a price rise of 3.3 cent last week.
Including the change in gas prices in Florida during the past week, prices yesterday were 22.4 cents per gallon lower than the same day one year ago and are 1.1 cents per gallon lower than a month ago. The national average has decreased 2.4 cents per gallon during the last month and stands 18.7 cents per gallon lower than this day one year ago.
"American motorists faced with slightly higher gasoline prices going into Labor Day weekend still had good reason to be happy as they returned home," said Analyst Patrick DeHaan. "Over just the long weekend Americans saved nearly 300 million dollars over what was spent for the four day weekend last year. The national average was close to 20-cents per gallon lower this year, and while Syria has dominated the news and so far caused a relatively small blip in gasoline prices, this summer driving season closed with the lowest prices since 2010," DeHaan said.