Average retail gasoline prices in Bellaire have fallen 4.2 cents in the past week, averaging $3.03 per gallon yesterday.
The local price compares with a national average that has fallen 4.3 cents per gallon in the last week to $3.23, according to gasoline price website HoustonGasPrices.com.
Senior petroleum analyst Patrick DeHaan said while the recent drop may seem like good news, prices are still at all-time highs for the Christmas season.
“Gas prices across much of the nation continue their downward move, bringing the national average for a gallon down to its lowest level since late February. While some motorists are thinking these falling gasoline prices are nice, I’ll unpleasantly remind them that gasoline prices will still set record highs this Christmas across much of America – motorists have never seen average prices this high on Christmas,” DeHaan said. “As prices typically reach a low point during early winter, this sets up a troubling start to 2012 in terms of gasoline prices. Summer gasoline prices typically are 80-120 cents per gallon higher than where prices stand around Christmas.”
Including the change in gas prices in Bellaire during the past week, prices yesterday were 24.5 cents per gallon higher than the same day one year ago and are 11.1 cents per gallon lower than a month ago.
The national average has decreased 13.4 cents per gallon during the last month and stands 26.4 cents per gallon higher than this day one year ago.