Gas Price Update

December 12, 2011 Updated Dec 12, 2011 at 8:20 AM EDT

By WKBW News

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Gas Price Update

December 12, 2011 Updated Dec 12, 2011 at 8:20 AM EDT

Buffalo, December 12- ( release ) Average retail gasoline prices in Buffalo have fallen 2.4 cents per gallon in the past week, averaging $3.57/g yesterday. This compares with the national average that has fallen 0.7 cents per gallon in the last week to $3.28/g, according to gasoline price website BuffaloGasPrices.com.

Including the change in gas prices in Buffalo during the past week, prices yesterday were 37.6 cents per gallon higher than the same day one year ago and are 9.0 cents per gallon lower than a month ago. The national average has decreased 15.0 cents per gallon during the last month and stands 32.2 cents per gallon higher than this day one year ago.

"Gasoline prices remain in limbo across parts of the U.S. while oil prices continue to swing in different directions as traders digest changes in market sentiment," according to GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The national average remains subdued close to levels that we saw last week, but prices may soon move slightly higher as they follow a rising trend in wholesale gasoline prices," DeHaan added.

About BuffaloGasPrices.com

GasBuddy.com operates over 250 live gasoline price-tracking websites, including BuffaloGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.