Average retail gasoline prices in Cape Coral have fallen 2.5 cents per gallon in the past week, averaging $3.40/gallon on Sunday, according to GasBuddy's daily survey of 235 gas outlets in Cape Coral. This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.29/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Cape Coral during the past week, prices yesterday were 4.1 cents per gallon lower than the same day one year ago and are 3.9 cents per gallon lower than a month ago. The national average has increased 6.8 cents per gallon during the last month and stands 3.4 cents per gallon higher than this day one year ago.
"As expected, the deep freeze during the last week impacted more than just the air temperature, but also kept a grip on gasoline prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan in a prepared statement released Monday morning. "We saw very little change in the national average during the last seven days, and it's likely that the winter blues continue to lead to an overall dull next few weeks at gasoline pumps across much of the country. Due to the slow demand that January and February typically see, it'd really take a monumental ice breaker to crack the grip that holds the national average in place. I forsee prices remaining relatively quiet this week."
GasBuddy operates CapeCoralGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.