Gasoline prices in Lansing have fallen 8.2 cents per gallon in the past week, averaging $2.65 per gallon, according to online gas price monitor GasBuddy.com.
This compares with the national average that has fallen 4.7 cents per gallon versus last week to $2.83 per gallon.
“The Great Lakes has seen prices drop 30-50 cents per gallon at individual stations since the start of October, leading decliners,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “The fall relief that has been expected for weeks has finally arrived. While Great Lakes states may see prices bounce of current lows in the week ahead, much of the rest of the country will likely see additional downward movement.”
Including the change locally during the past week, prices Sunday were 5.8 cents per gallon higher than a year ago and are 15.8 cents per gallon lower than a month ago.
The national average has dropped 1.6 cents per gallon during the last month and stands 39.6 cents per gallon higher than a year ago.