Area gas prices down more than 6 cents in last week

Average retail gasoline prices in Naples fell more than 6 cents per gallon in the past week, averaging $3.73 per gallon Sunday.

Including the 6.2-cent change in gas prices in Naples during the past week, prices yesterday were 22.4 cents per gallon higher than the same day one year ago and are 10.9 cents per gallon lower than a month ago, according to NaplesGasPrices.com.

The local gas prices compare with the national average that fell 9 cents per gallon in the last week to $3.67 per gallon, the website reports. The national average has decreased 14.2 cents per gallon during the last month and stands 20.1 cents per gallon higher than one year ago Sunday.

"Only one other time in the last few years have we seen the national average drop so significantly in the course of just a week, and that other time was in May 2011," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Looking back at our data, we only see that prices dropped considerably more in autumn 2008 when the economy slipped into a recession. Given the circumstances with this latest weekly decrease — that it has nothing to do with recession — is significant," DeHaan said.

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Comments » 1

EastCoastFloridaPerson writes:

This is such bull.I predicted monthes ago that the gas prices would go down right before the election. This is just another way to manipulate s----- voters to think things are getting better.And putting articles in the newspapers is a way to spread the news. People aren't s-----,and this ploy is not going to work. God forbid OBAMA gets in,and trust me you will see gas prices raise very suddenly to over $4.00 a gallon.

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