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Gas prices continue downward trend

Average retail gasoline prices in Wisconsin have fallen 1.8 cents per gallon in the past week, averaging $3.64 per gallon Sunday, according to GasBuddy’s daily survey of 3,112 gas outlets in Wisconsin.

This compares with the national average that has fallen 1 cent per gallon in the last week to $3.63, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Wisconsin during the past week, prices yesterday were 25.9 cents per gallon lower than the same day one year ago and are 19.2 cents per gallon higher than a month ago. The national average has increased 14.4 cents per gallon during the last month and stands 3.3 cents per gallon higher than this day one year ago.

“Over the last week, the national average has continued to see a ever so slow downward trend,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “But the downward trend got a shot in the arm last weekend, as we saw the biggest daily drop since April; from July 25 to July 26, the average dropped 1.5 cents.

“Further illustrating the downward trend, 5 percent of the country was over $4 per gallon Friday. Last week, 7 percent of the country was over $4,” DeHaan said.

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