Analyst: Gas Prices See Little Change Nationally, Skyrocket in Great Lakes Region

Average retail gasoline prices in Pennsylvania have fallen 1.1 cents per gallon in the past week, averaging $3.47 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania. This compares with the national average that has not moved in the last week to $3.64 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 1.8 cents per gallon higher than the same day one year ago and are 2.3 cents per gallon higher than a month ago. The national average has increased 6.9 cents per gallon during the last month and stands 7.8 cents per gallon higher than this day one year ago.

“While the national average has seen little change in the last week, prices in the Great Lakes have skyrocketed. In many cities in that region, new all-time record high prices have been set,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“In areas that have featured skyrocketing gasoline prices amidst stable oil prices, refineries continue to be beset with shutdowns, maintenance, and other problems that have hampered production of gasoline and other products, leading to much higher prices. While these situations are difficult for motorists to digest, relief is on the way and will likely arrive in a few weeks,” DeHaan said.

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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