Average retail gasoline prices in Bellaire dropped by 2.1 cents in the past week, averaging $3.21 per gallon yesterday.
The local price compares with the national average that has fallen 0.6 cents per gallon in the last week to $3.46, according to gasoline price website HoustonGasPrices.com.
Senior Petroleum Analyst Patrick DeHaan said motorists should not get too accustomed to price reductions.
“With some European resolve in regards to the Greece debt situation, oil prices took off late last week. While the national average has remained relatively subdued in the last couple weeks, we may see a slow climb in the national average this week,” DeHaan said. “The national average for gasoline has barely climbed, even as crude has gained some $20 per barrel from the lows we saw nearly six weeks ago. As we approach heating oil season, we’ll also see support for diesel prices, which is sure to frustrate diesel consumers, who are paying as much as eighty cents more per gallon than gasoline consumers.”
Including the change in gas prices in Bellaire during the past week, prices yesterday were 62.0 cents per gallon higher than the same day one year ago and 3.4 cents per gallon higher than a month ago.
The national average has decreased 1.2 cents per gallon during the last month and stands 65.5 cents per gallon higher than this day one year ago.