PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 2.6 cents per gallon in the past week, averaging $3.01 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania.
This compares with the national average that has fallen 1.7 cents per gallon in the last week to $2.89 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 27.9 cents per gallon lower than the same day one year ago and are 26.6 cents per gallon lower than a month ago.
The national average has decreased 25.5 cents per gallon during the last month and stands 29.8 cents per gallon lower than this day one year ago.
“Just a week ago, I was becoming concerned that the national average would level off unless crude oil prices kept dropping, and that’s exactly what happened,” said Patrick DeHaan, senior petroleum analyst with GasBuddy.
“Suddenly, the market turned bearish again and crude dropped as low as $74/bbl before closing the week out at a $2/bbl loss. Either way, the decline in crude price renews the downturn at the pump that had stabilized last week and helped the national average tip back into a downward decline.”
“In most places across the country we should see the downward trend continue or re-emerge this week,” he noted.
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.