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Gas analysts predict gas prices will have a slow decline

By WEEK Producer

Gas analysts predict gas prices will have a slow decline

October 1, 2012 Updated Oct 1, 2012 at 11:08 AM CDT

PEORIA, Ill. --  Over the past week, local consumers have seen a 7 cent drop in average gas retail prices, staying around $3.76 a gallon.

The decline compares to the national average, which dropped 2.4 cents in the last week to $3.79, according to gasoline price website PeoriaGasPrices.com.

Despite the decline, gas analysts say it's not fast enough for some consumers.

"In the last few years, we've typically seen a seasonal downward trend at the gas pump as the cooler temperatures invade," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.  "We just haven't seen any sort of real decline at the pump yet this autumn...the small drop in gasoline prices isn't to the satisfaction of many, and I don't see enough relief to satisfy the majority of American motorists any time soon."

For more information, check out www.gasbuddy.com.

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