National Gas Price Averages to Set New Record High

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 1.9 cents per gallon in the past week, averaging $3.41 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania. This compares with the national average that has not moved in the last week to $3.24 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 11.5 cents per gallon higher than the same day one year ago and are 18.4 cents per gallon lower than a month ago. The national average has decreased 19.1 cents per gallon during the last month and stands 1.3 cents per gallon higher than this day one year ago.

“With just hours to go before Christmas, it appears that the national average may set a new all-time record high, barely edging out 2011 as the most expensive average for gasoline on Christmas Day,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The bad news likely won’t stop there- gasoline prices in six out of the last seven years have increased between Christmas Day and Jan. 15 of the following year. If the national average rises to at least $3.26 per gallon before New Year’s Day, it will mark the highest start for gas prices ever on the first day of the year,” 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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