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Gas falls 53 cents per gallon in one month

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Average retail gasoline prices in Minnesota have fallen 5.2 cents per gallon in the past week, averaging $3.25 per gallon Monday.

This compares with the national average that has fallen 5.6 cents per gallon in the last week to $3.51 per gallon, according to gasoline price website MinnesotaGasPrices.com.

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Including the change in gas prices in Minnesota during the past week, prices yesterday were 15.6 cents per gallon lower than the same day one year ago and are 53.5 cents per gallon lower than a month ago.

The national average has decreased 28.4 cents per gallon during the last month and stands 7 cents per gallon higher than 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," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

"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.

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