PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 0.4 cents per gallon in the past week, averaging $3.55 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 0.4 cents per gallon in the last week to $3.57 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 18.6 cents per gallon lower than the same day one year ago and are
11.6 cents per gallon lower than a month ago. The national average has decreased 9.5 cents per gallon during the last month and stands 16.6 cents per gallon lower than this day one year ago.
“As driving season closes out, the national average has been remarkably quiet, so far, but that may change as gasoline inventories declined a sizable about last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
“The Energy Information Administration in its weekly report issued last Wednesday highlighted one of the largest drops in gasoline inventories this year. That was likely a culprit for a late-week rally in gasoline futures and spot prices, which in turn may mean that as this week wears on, gasoline prices could start showing some upward movement. Any increases may be limited, however, by the impending end of summer driving season,” DeHaan said.
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.