Finally! Gas prices take a tumble - Cleveland 19 News Cleveland, OH

Finally! Gas prices take a tumble

Average retail gasoline prices in Cleveland have fallen 16.5 cents per gallon in the past week, averaging $3.46/g Sunday. This compares with the national average that has fallen 4.2 cents per gallon in the last week to $3.61/g, according to gasoline price website ClevelandGasPrices.com

Including the change in gas prices in Cleveland during the past week, prices Sunday were 74.1 cents per gallon higher than the same day one year ago and are 10.2 cents per gallon lower than a month ago. The national average has increased 2.4 cents per gallon during the last month and stands 88.0 cents per gallon higher than this day one year ago.

"It took the end of summer for a drop in retail gasoline prices, but I'm sure motorists won't complain that we're finally seeing some drops in prices," said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst. "We've seen wholesale prices continue to be somewhat volatile, but I believe as we enter October we'll see markets slowly quiet down with retail gasoline prices falling to $3.35-$3.55 on average by Thanksgiving, with the exception being typical hotspots on the West Coast," DeHaan adds.

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