PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 9.3 cents per gallon in the past week, averaging $2.41 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 5.4 cents per gallon in the last week to $2.12 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 113.1 cents per gallon lower than the same day one year ago and are 41.9 cents per gallon lower than a month ago.
The national average has decreased 48.6 cents per gallon during the last month and stands 118.7 cents per gallon lower than this day one year ago.
“All in all, it wasn’t a bad week for motorists filling their tanks. Since last week, some 12,000 stations dropped their price under $2/gal, with 45.1 percent of all gas stations (nearly 61,000) now selling under the $2/gal mark. The national average currently stands at its lowest since May 9, 2009, a date that saw 8.9 percent unemployment and Phil Jackson coaching the Los Angeles Lakers toward the NBA title,” said Patrick DeHaan, senior petroleum analyst with GasBuddy.
“This time around, the drop in gasoline is far more joyous and isn’t overshadowed by a polar plunge in the economy. And it doesn’t stop there. Overnight, the average price for diesel fuel in the U.S. dropped under $3/gal for the first time since Oct. 2, 2010, and will shed yet another 25-50 cents per gallon before reaching a bottom.”
“Meanwhile, various domestic mid-continent crudes have dropped to the $30/bbl range, or in the ‘danger zone’- territory where oil companies are starting to cut back on operations- a zone that could ultimately result in a slingshot back in prices down the road,” DeHaan noted.
About GasBuddy.com
GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com Web site and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.