Average retail gasoline prices in Atlanta have fallen 3.5 cents per gallon in the past week, averaging $3.29/gal yesterday. This compares with the national average that has fallen 3.2 cents per gallon in the last week to $3.53/gal, according to gasoline price website AtlantaGasPrices.com.
Including the change in gas prices in Atlanta during the past week, prices yesterday were 28.7 cents per gallon lower than the same day one year ago and are 20.4 cents per gallon lower than a month ago. The national average has decreased 17.6 cents per gallon during the last month and stands 12.6 cents per gallon lower than this day one year ago.
"I have a sneaking suspicion that the election in Greece may stir up oil prices this week, and we could see oil prices gain as markets feel more upbeat about the economic situation," said Senior Petroleum Analyst Patrick DeHaan. "While any gains in oil prices won't likely be immediately felt, the debt situation in Europe bears keeping a close eye on as it has far reaching global implications. Outside of that situation, West Coast wholesale gasoline prices are now among the lowest in the nation...their averages drop back under $4/gal," DeHaan said.