Greenville gas prices continue to fall - FOX Carolina 21

Greenville gas prices continue to fall

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GREENVILLE, SC (FOX Carolina) -

A recent drop in oil prices is finally hitting the pumps, providing drivers with some mid-summer relief to their wallets.

The average retail price for a gallon of gas in Greenville fell 3 cents in the past week, averaging $3.26 per gallon, according to the gas price website GasBuddy.com

The national average also took a dive, dropping 4 cents per gallon, bringing the average to $3.61 per gallon.

GasBuddy experts say the trend will continue as we move into the dog days of summer.

"The last two weeks have seen some large drops in oil prices and gasoline spot prices - a very exciting thing to see in the middle of the summer driving season," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"Motorists have some nice relief coming at the pump to look forward to in the next week to two as these drops make it to retail outlets. Over the next week, the national average will fall back under $3.50/gal- something we haven't seen since April, and will also drop under last year's average in the next few days. There is also the possibility for further declines if we don't see a hurricane or geopolitical tensions ruin things. I'd caution motorists as we expect these large decreases to only buy the amount of gasoline they immediately need as prices drop, and to shop around as price gaps between stations widen because of the quick decrease in wholesale gas price. Some stations will be buying the cheaper gasoline and passing on savings faster, leading to a wide array of gas prices," DeHaan said.

The average price for a gallon of gas this past Sunday was 4 cents higher than the same day a year ago and 8 cents lower than a month ago, according to GasBuddy.com

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