Lansing gas prices drop 42 cents in one week

Lansing gas prices have decreased an average of 42 cents per gallon in the last week, according to a GasBuddy report. The survey of 177 local stations showed an average price of $3.99 per gallon on Monday, which is about 76 cents lower than last month and 85 cents higher than this time last year.

Stations in the city ranged from a low of $3.58 to a high of $4.39 per gallon. The national average also fell by 15 cents to $3.96, marking the first time it has dropped below $4 since early August. Diesel prices declined by roughly 9 cents to $6.18 per gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, attributed the decline to seasonal shifts rather than the recent election. Refiners finished maintenance and increased output as demand faded with cooler weather, while more oil moved through the Strait of Hormuz. These factors are expected to keep prices below $4 in the coming weeks.

Read the full story at wlns.com.