Per-gallon area gas price average falls 5.5 cents

Average retail gasoline prices in the Nashville area fell 5.5 cents per gallon during the past week, averaging $3.28 per gallon as of Sunday, according to gasoline price website NashvilleGasPrices.com.

This compares with the national average of $3.51, a decrease of 5.6 cents.

Nashville prices Sunday were 5.2 cents per gallon higher than they were on the same day one year ago and 28 cents per gallon lower than they were four weeks ago. The national average has decreased 28.4 cents per gallon during the last four weeks and stands 7 cents per gallon higher than on this day one year ago.

“Even with Hurricane Sandy causing havoc on refineries and infrastructure in the Northeast, gasoline prices nationally have continued to trend lower," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in a release. "It goes to show how much more significant the Gulf Coast is to this nation's energy backbone when such a massive storm causes no major rise in the national average. The good news is that average prices will likely continue to decline, perhaps to $3.35 per gallon nationally by Thanksgiving.”

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.