Drivers see relief at the gas pump but it might not last

Local News
Gas prices_112179

Gasoline prices in Lansing have fallen 17.3 cents per gallon in the past week, averaging $2.76 per gallon, according to online gas price monitor

This compares with the national average that has fallen 2.6 cents per gallon versus last week to $2.88 per gallon. 

“The last week has seen a flurry of events to keep an eye on, while the recent drop in oil prices materialized at pumps across the country, but no where have the declines been as large as Great Lakes states,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

Including the change locally during the past week, prices are 24.0 cents per gallon higher than a year ago and are 16.8 cents per gallon lower than a month ago.

The national average has increased 2.6 cents per gallon during the last month and stands 42.5 cents per gallon higher than a year ago.

DeHaan adds that the price of gas is very volatile right now due to tensions in Saudi Arabia over the disappearance of a Washington Post reporter in the Kingdom.

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