Gas Prices in the Interior slow to drop

FAIRBANKS, Ak -- Gasoline prices in the Interior are beginning to fall, however, not as quickly as prices on the east coast, or in other parts of the state.

According to gas price watchdog site, GasBuddy.com, average retail gasoline prices in Alaska have fallen 4 cents per gallon in the past week, averaging $4.46 per gallon.

That compares with the national average that has fallen 4.5 cents in the past week, averaging $3.61 per gallon.

Those prices reflect a 22.3% per gallon increase over gas prices from a year ago and are still 8 cents higher than just one month ago.

Petroleum Analysts with gasbuddy.com believe the west coast, including Alaska, saw resistance to lower fuel prices due to low supply, but that is turning around.

Gasbuddy also contends the price per barrel of oil is decreasing due to a frightening jobs report and concern over the economy and European debt problems.

The lowest gas price in Fairbanks is $4.27, the highest is $4.69.