Gas Prices in Birmingham Increase Slightly, Remain Lower Year-Over-Year

Gas Prices in Birmingham Increase Slightly, Remain Lower Year-Over-Year

Gas Prices in Birmingham Show Slight Increase

Birmingham, Alabama – As residents of Birmingham fill up their tanks this week, they may have noticed a slight uptick in gas prices. According to GasBuddy, the average price for a gallon of gasoline has risen by 2.2 cents over the past week, bringing the average to $2.84 per gallon. This figure represents an increase of 10.6 cents compared to a month ago, although it remains 17.7 cents lower than this time last year.

Local Prices Vary

Within the city, there are notable differences in gas prices as well. The lowest price recorded in Birmingham is $2.53 per gallon, while the highest reaches $3.09. These prices reflect variations based on location and individual gas station pricing strategies. It’s also worth noting that the lowest price in the entire state of Alabama is even lower at $2.49 per gallon, while the most expensive reported price in the state is $3.25.

Comparative National Trends

Looking at a national scale, the average price for a gallon of gasoline has seen a slight drop of 3.3 cents in the past week, now averaging $3.13. This decline is part of a broader pattern, as the national average has decreased by 6.2 cents from a month ago and is down 39.7 cents compared to a year ago.

Meanwhile, diesel price trends are slightly more favorable for those who rely on diesel fuels. Diesel prices nationwide have dropped by 1.3 cents over the last week, bringing the average price to $3.56 per gallon. This pattern highlights ongoing fluctuations in fuel prices, influenced by various economic factors.

Gas Prices in Neighboring Areas

For residents who might be traveling outside of Birmingham, here’s a quick snapshot of gas prices in nearby areas:

• Hoover: Prices range from $2.55 to $3.05
• Mountain Brook: Prices range from $2.60 to $3.10
• Vestavia Hills: Prices range from $2.58 to $3.08

Such variations may be beneficial for drivers looking to save a few cents by being mindful of where they choose to fill up. Residents are encouraged to shop around for the best prices in their neighborhoods to make the most of their fuel purchases.

Looking Ahead

As we move into the fall season, it will be interesting to see how gas prices continue to evolve. With factors such as seasonal demand and global oil prices influencing local markets, prices may fluctuate in unpredictable ways. Residents should keep an eye on the local gas stations and compare prices to ensure they are getting the best deal possible.

It’s essential for the community to stay informed about these changes. Understanding the trends in gas prices can help residents budget and plan for their travel needs while navigating the ever-changing landscape of fuel costs.

Author: HERE Birmingham