Analysts: March may be Largest Monthly Decrease Ever at the Pump

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 1.6 cents per gallon in the past week, averaging $3.64 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 1.9 cents per gallon in the last week to $3.61 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 28.0 cents per gallon lower than the same day one year ago and are 12.9 cents per gallon lower than a month ago. The national average has decreased 10.3 cents per gallon during the last month and stands 28.1 cents per gallon lower than this day one year ago.

“Gas prices in March came in like a lion and are going out like a lamb,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “For the first time in a decade gasoline prices are going to be lower at the end of March than the beginning.  GasBuddy data shows that the last time this happened was in 2003 when prices fell a nickel between the start of the month and the conclusion. Essentially what we’re seeing here this month is perhaps the largest monthly decrease ever during the month of March- a month that has almost always seen prices finishing the month substantially higher than where they entered,” 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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