DeHaan: National Gas Price Decreases Beginning to Slow Down

Average retail gasoline prices in Pennsylvania have fallen 1.3 cents per gallon in the past week, averaging $3.62 per gallon yesterday. This compares with the national average that has fallen 3.2 cents per gallon in the last week to $3.46 per gallon, according to gasoline price Web site PennsylvaniaGasPrices.com.

Including the change in gas prices in Pennsylvania during the past week, prices yesterday were 17.5 cents per gallon higher than the same day one year ago and are

24.9 cents per gallon lower than a month ago. The national average has decreased 32.6 cents per gallon during the last month and stands 3.1 cents per gallon higher than this day one year ago.

“The national average has again decreased in the last week, but the decreases are beginning to slow down,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“Wholesale gasoline prices rose strongly on Friday, which could send prices higher in states with among the lowest prices in the United States. The fuel tightness has also continued in NYC- for those in Sandy’s wake, fuel availability remains difficult, and is the reason GasBuddy has implemented an emergency fuel availability service,” DeHaan said. The Hurricane Sandy fuel availability site can be found by navigating to http://www.gasbuddy.com/sandy/.

About PennsylvaniaGasPrices.com

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 20 million times to help motorists find gasoline prices in their area. In Pennsylvania, GasBuddy tracks price changes at 5,269 retail outlets.

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