Gas Prices Falling This Holiday Season

Falling gas prices have brought a little bit of holiday cheer at the gas pump where many in the region had grumbled while the price of unleaded hovered around the $4 mark.

The average price of unleaded regular has dropped to $3.75 a gallon in the Buffalo area, down from $3.89 a month ago, according to GasBuddy.com, which tracks gas price trends across the country.  Nationally, the average price was down to $3.27 a gallon as of Saturday.

The downward trend can be attributed to two things, according to Gregg Laskoski, senior petroleum analyst for GasBuddy.com.

Read more:  http://www.mcall.com/business/sns-mct-gas-prices-falling-this-holiday-season-20121216,0,1755611.story

U.S. Drivers Spend Record Amount On Gasoline In 2011

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American drivers this week broke a record that will bring them no joy.

They collectively spent more than $448 billion on gasoline since the beginning of the year, according to the Oil Price Information Service, putting the previous record for gas expenditures — set in 2008 — in the rearview mirror with weeks of driving still to go.

It’s also a huge jump over last year, when U.S. drivers spent more than $100 billion less on gas.

Read more: http://www.mcall.com/business/la-fi-oil-riches-20111210,0,6220055.story