By Business First of Louisville

Average retail prices for gasoline in the Louisville area rose 9.5 cents per gallon in the past week to an average of $3.33 per gallon on Sunday, LouisvilleGasPrices.com reported.

Prices on Sunday were 51.6 cents per gallon higher than a year ago but were 27.1 cents per gallon lower than one month ago.

Last week, the national average price fell 2.1 cents per gallon to $3.42 per gallon. The average price fell 24 cents per gallon during the past month and was 61.8 cents per gallon higher on Sunday than a year ago.

⿿After oil prices briefly dropped to $75 (per barrel) in the last two weeks, we⿿ve seen a mini-rally take place, driving prices up to a more recent mark of $82 (per barrel),⿝ Patrick DeHaan, GasBuddy.com⿿s senior petroleum analyst, said in a news release. ⿿The volatility we continue to see in oil prices isn⿿t surprising, and will likely continue as a fragile economy and some upbeat investors play the market. What this means for motorists is a continued roller coaster ride at the gas pump. While I don⿿t expect a huge of movement in either direction, these up and down fluctuations in gas prices will become the norm ahead of a volatile spring 2012 time period.⿝

GasBuddy.com operates over 200 live gasoline price-tracking websites, including LouisvilleGasPrices.com.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/louisville/news/2011/10/10/louisville-gas-prices-continue-to.html?ana=thestreet
Copyright bizjournals.com 2010