Analyst: National Gas Prices Continue Downward but “the Best is Yet to Come”

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 4.8 cents per gallon in the past week, averaging $3.57 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 4.5 cents per gallon in the last week to $3.54 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 36.7 cents per gallon lower than the same day one year ago and are 1.1 cents per gallon higher than a month ago. The national average has decreased 2.7 cents per gallon during the last month and stands 31.6 cents per gallon lower than this day one year ago.

“The national average has seen some downward direction in the last week, but the best is likely yet to come,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “While there certainly are a few issues that could impact gasoline prices on our plate, the switch over back to winter gasoline has begun, and I do expect that gas prices may continue to move downward this week for most of the United States.”

“California, however, does have some recent refining kinks that may mean it joins the lower price party a bit later, but by Halloween, my expectation is the national average will stand five to fifteen cents per gallon lower than where it is today,” 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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