Gas prices coming down

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Average gasoline prices in Greenville have fallen 12.5 cents per gallon in the last week, averaging $4.46/g today, according to GasBuddy’s survey of 452 stations in Greenville. Prices in Greenville are 16.1 cents per gallon higher than a month ago and stand $1.83/g higher than a year ago. The price of diesel has risen 2.6 cents nationally in the past week and stands at $5.80 per gallon.

According to GasBuddy price reports, the cheapest station in Greenville was priced at $4.12/g yesterday while the most expensive was $4.89/g, a difference of 77.0 cents per gallon. The lowest price in the state yesterday was $3.65/g while the highest was $4.95/g, a difference of $1.30/g.

The national average price of gasoline has fallen 4.2 cents per gallon in the last week, averaging $4.97/g today. The national average is up 37.3 cents per gallon from a month ago and stands $1.92/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“Finally some relief! For the first time in nine weeks, gasoline prices have fallen, following a broad sell-off in oil markets last week, pushing the national average back under the $5 level with most states seeing relief at the pump,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I’m hopeful the trend may continue this week, especially as concerns appear to be mounting that we may be on the cusp of an economic slowdown, putting downward pressure on oil. But the coast isn’t yet entirely clear. We could see the national average fall another 15 to 30 cents, if we’re lucky, by the time fireworks are flying, barring any unexpected shutdowns at a time when the market is extremely sensitive to such.”

GasBuddy data is accessible at http://prices.GasBuddy.com.