Gasoline prices fell for the tenth consecutive week after an up and down week for crude prices. The pace of the declines, however, is slowing.
Elizabeth Conley, Houston Chronicle / Staff photographerThe pace of the declines, however, is slowing, according to the fuel-price tracking service GasBuddy. Gasoline slid 8 cents a gallon in Houston over the past week to an average $3.38 a gallon. Houston prices are down 53 a gallon from a month ago, but up 65 cents from a year ago.Nationally, prices slipped 5 cents to an average of $3.86 a gallon, 51 cents from a month ago, but 72 cents from a year ago.
“The pace of declines is certainly slowing down as oil prices have bounced up slightly,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Thus far, Mother Nature has spared us from disruptions from hurricanes, but that remains a wildcard as we head into the peak of hurricane season."
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