Analyst: Gas Prices Continue to Move Lower Nationally

PENNSYLVANIA – Average retail gasoline prices in Pennsylvania have fallen 5.8 cents per gallon in the past week, averaging $3.51 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 $3.49 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 37.0 cents per gallon lower than the same day one year ago and are 4.1 cents per gallon lower than a month ago. The national average has decreased 7.3 cents per gallon during the last month and stands 32.1 cents per gallon lower than this day one year ago.

“Gasoline prices continue to move lower nationally as we’ve now officially moved into fall,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Looking forward, we’re likely to see additional relief at pumps in the months ahead, and it’s quite possible that by the time we’re observing Thanksgiving that gasoline prices will be 20 or more cents per gallon lower.”

“Californian motorists will see among the larger decreases in the week ahead as refinery issues have become barely visible in the rear view, which has led to a dramatic downward shift in wholesale gasoline prices,” 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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