In the last week average retail price of gasoline in Pennsylvania was fallen 1 cent per gallon, the average price for a gallon of gasoline yesterday was at $2.63. According to the survey conducted on 5,269 gas outlets in Pennsylvania by the GasBuddy.
According to the website GasBuddy.Com the average price per gallon nationally has fallen to 2.5cents last week to $2.34 per gallon.
The survey also included the gas price in Pennsylvania a week ago, the price yesterday was 54.5 cents per gallon higher than the same day a year ago and 20.5 cents higher than a month ago.
The national average price has been increased to 10.3 cents per gallon in the last month and stands 43.0 cents per gallon higher than the day one year ago.
According to the GasBuddy historical data, gasoline prices on 16th January in Pennsylvania ranged widely over the past 5 years.
$2.08 gallon in 2016 where as in 2015 it was $2.34, in 2014 the price was $3.52 per gallon, in 2013the price was $3.50 and in 2012 the price per gallon was $3.46.
Areas near Pennsylvania and their current gas price climate:
Harrisburg – $2.57 gallon, down 1.2 cents per gallon from last week’s $2.59 gallon.
Hagerstown – $2.38 gallon, down 0.8 cents per gallon from last week’s $2.39 gallon.
York – $2.58 gallon, down 1.4 cents per gallon from last week’s $2.60 gallon.
Patrick DeHaan, senior petroleum analyst for GasBuddy said “For the first time since November 2016, the national average price for gasoline has fallen over the last week which has helped by the weak demand and rising gasoline inventories.
“This downward trend is evident in over two-thirds of states but may take additional time to materialize in others, yet is a familiar pattern for late winter as refiners build inventories prior to the late-February start of the refinery maintenance season and thanks to the year’s weakest demand occurring over the next four weeks.
“However, people should not expect the trend to last for too long. After the sweetness of Valentine’s Day roses and chocolates disappears, they will be in store for a jump at the pump as maintenance season begins and the long transition to summer gasoline becomes a pinch point, leading to gas prices that will mostly trend higher for two to three months.”
AMandeep
