Gas Prices Up In The New Year

January 16, 2012 Updated Jan 16, 2012 at 9:53 AM EDT

By WKBW News

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Gas Prices Up In The New Year

January 16, 2012 Updated Jan 16, 2012 at 9:53 AM EDT

Buffalo, January 16- ( release ) Average retail gasoline prices in Buffalo have risen 0.3 cents per gallon in the past week, averaging $3.60/g yesterday. This compares with the national average that has increased 1.1 cents per gallon in the last week to $3.34/g, according to gasoline price website BuffaloGasPrices.com.

Including the change in gas prices in Buffalo during the past week, prices yesterday were 30.1 cents per gallon higher than the same day one year ago and are 4.7 cents per gallon higher than a month ago. The national average has increased 10.3 cents per gallon during the last month and stands 27.2 cents per gallon higher than this day one year ago.

"Gasoline prices have slowed their rise in the last week as oil prices have temporarily stabilized," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I'm sure this leveling off in retail price won't last terribly long as tension mounts with Iran. I still expect 2012 to be a nasty year for the typical motorist, which is what our recently released 2012 gasoline price outlook also states," DeHaan said.

GasBuddy's 2012 gasoline price outlook may be accessed by visiting the following URL:
http://www.scribd.com/doc/78052696/Gasoline-Forecast-Media

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.