Area per-gallon gas price average falls 1.4 cents

Retail gasoline prices in the Nashville area fell 1.4 cents per gallon during the past week, averaging $3.15 per gallon as of Sunday, according to gasoline price website NashvilleGasPrices.com.

This compares with the national average of $3.43, which represents no price change from the previous week.

Nashville prices Sunday were 3.3 cents per gallon higher than they were on the same day one year ago and 21.6 cents per gallon lower than they were four weeks ago. The national average has decreased 14.1 cents per gallon during the last four weeks and stands 11 cents per gallon higher than on this day one year ago.

“While Thanksgiving is now behind us, the stigma of record high gasoline prices is not," Patrick DeHaan, GasBuddy.com senior petroleum analyst, said in a release. "Thanksgiving Day featured the highest ever daily average for the holiday, beating out 2011 by over 10 cents per gallon. The national average may continue to moderate slightly by Christmas, but I'm not expecting significant decreases or increases in the national average in the short term at this point. There are several factors putting both upward pressure and downward pressure on oil and gasoline, and I expect some fluctuation in prices. But overall, there will likely not be much change between today and Christmas.”

GasBuddy operates NashvilleGasPrices.com and more than 250 similar websites that track gasoline prices at approximately 140,000 gasoline stations in the United States and Canada.