Analyst: Another Week, Another Rise in National Gas Price Average

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 0.4 cents per gallon in the past week, averaging $3.61 per gallon yesterday, according to GasBuddy’s daily survey of 5,269 gas outlets in Pennsylvania.

This compares with the national average that has increased 1.8 cents per gallon in the last week to $3.53 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 3.0 cents per gallon lower than the same day one year ago and are 1.7 cents per gallon lower than a month ago. The national average has increased 9.2 cents per gallon during the last month and stands 8.3 cents per gallon lower than this day one year ago.

“Another week, another rise in the national average,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “While gasoline prices have seen slight increases in the last week, it still may get worse.

“Last week, the EIA reported a large drop in gasoline inventories as refiners purged supplies of winter spec gasoline. Refineries also utilized a lower amount of their capacity as maintenance season continues.”

“In the next few weeks as maintenance is finished, there could be localized price spikes. While gasoline prices are lower than I would have expected a few months ago, there is still some risk for higher prices in the days ahead,” 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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