Analyst: National Gas Prices Expected to Tip-toe Higher

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 1.2 cents per gallon in the past week, averaging $3.43 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania. This compares with the national average that has increased 1 cent per gallon in the last week to $3.51 per gallon, according to gasoline price Web site GasBuddy.com.

Including the change in gas prices in Pennsylvania during the past week, prices yesterday were 35.4 cents per gallon lower than the same day one year ago and are

17.0 cents per gallon lower than a month ago. The national average has decreased 7.8 cents per gallon during the last month and stands 26.8 cents per gallon lower than this day one year ago.

“The national average has begun to tip-toe higher in the last week, led by states in the Great Lakes and West Coast, where gasoline prices have crept up considerably in some areas over the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“Oil prices have rebounded, and with the recent strength in stocks trickling over to commodities, I do expect retail gasoline prices to inch up in the weeks ahead. The biggest increases will be along the West Coast, where gasoline supply remains at an ultra-tight status, but prices will also increase in many other areas, led higher by the rally in crude prices we’ve witnessed in the last week.”

About GasBuddy

GasBuddy operates PennsylvaniaGasPrices.com and more than 250 similar Web sites that track gasoline prices at more than 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app, which has been downloaded more than 25 million times to help motorists find the lowest gasoline prices in their area.

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