GasBuddy.com: Avg. price of gas rises 8 cents last week - KSFY News - Sioux Falls, SD News, Weather, Sports

GasBuddy.com: Avg. price of gas rises 8 cents last week

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The average retail price for gas in Sioux Falls has risen more than eight cents in the past week, according to GasBuddy.com.

The average price per gallon of gas has risen to $3.93 in Sioux Falls. According to GasBuddy.com, the average price per gallon in Sioux Falls is also 20.9 cents higher than the same day one year ago and 20.5 cents higher than a month ago.

According to GasBuddy.com, the national average has increased 2.3 cents per gallon in the last week to $3.86 per gallon. The national average has increased 15.8 cents per gallon during the last month and is 24.9 cents per gallon higher than one year ago.

Despite the increase, Senior Petroleum Analyst Patrick DeHaan said he still expects prices to come down—slightly.

"As we push deeper into September, the more optimistic I am that these high prices will begin to come down slightly," DeHaan said, "but with the recently announced QE3, I'm a bit concerned that prices won't moderate as much as previously expected as the dollar weakens, leading me to believe 2012 will have featured the highest yearly average ever."

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