Gas prices finally starting to fall

FORT WAYNE, Ind. (WANE) Average retail gasoline prices in Fort Wayne have fallen 16.6 cents per gallon in the past week, averaging $3.64 a gallon on Sunday, October 14, 2012. This compares with the national average that has fallen 2.8 cents per gallon in the last week to $3.77 a gallon according to gasoline price website FtWayneGasPrices.com.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 15.4 cents per gallon higher than the same day one year ago and are 26.0 cents per gallon lower than a month ago. The national average has decreased 9.0 cents per gallon during the last month and stands 29.6 cents per gallon higher than this day one year ago.

"The national average has again seen a decrease in the last week, as California joins much of the rest of the United States in seeing lower prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Even though there hasn't been a massive decline in California retail prices, the fact that prices have stopped rising there has helped tip the national average lower. In the week ahead, we could continue to see declines as wholesale prices fell lower late last week, meaning gas stations have additional room to drop their prices," DeHaan said.