PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 0.6 cents per gallon in the past week, averaging $2.55/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 $2.34/gallon, according to gasoline price Web site GasBuddy.com.
Including the change in gas prices in Pennsylvania during the past week, prices yesterday were 34.5 cents per gallon higher than the same day one year ago and are 10.1 cents per gallon higher than a month ago.
The national average has increased 9.8 cents per gallon during the last month and stands 22.4 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on Aug. 14 in Pennsylvania have ranged widely over the last five years: $2.20/gallon in 2016, $2.63/gallon in 2015, $3.52/gallon in 2014, $3.57/gallon in 2013 and $3.68/gallon in 2012.
Areas near Pennsylvania and their current gas price climate:
- Harrisburg – $2.47/gallon, down 1 cent per gallon from last week’s $2.48/gallon.
- Hagerstown – $2.33/gallon, up 0.4 cents per gallon from last week’s $2.33/gallon.
- York – $2.46/gallon, down 1.8 cents per gallon from last week’s $2.48/gallon.
“For the fourth straight week gasoline prices have risen, pushing the national average this week to its highest level of the summer so far,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.
“There are some signs, however, that we may be nearing a short-term peak as the climb in gasoline prices has begun to slow. The number of states seeing gas prices decline versus a week ago rose to its highest level in three weeks, a sign that gas prices have in these areas have caught up to the rise in oil prices.
“While that sign alone doesn’t guarantee lower prices, it suggests that fewer price increases are in store as stations await oil’s next move.
“Last week saw oil prices fluctuate little until Friday, when prices fell and closed the week under $49 per barrel, with many ‘wait and see’ factors weighing on the market, such as the Venezuela situation, hurricane season and declining U.S. oil inventories.”
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.