Gas Prices Take a Dip

Drivers in every state are paying more at the pump than a month ago; however, Pennsylvania drivers are beginning to get some relief, according to AAA’s Fuel Gauge Report.

Gas prices in the state have dropped 3.4 cents from a week ago, 11.2 cents higher from a month ago and 1.0 cent lower than a year ago.

With “spot” gasoline prices (gasoline sold for immediate payment and delivery) also dropping dramatically across the country, it is likely that retail prices will continue to fall in the coming days, the report states. These recent declines and the fact that the national retail average has fallen below the year-ago price supports AAA’s prediction that gas prices will peak this spring at a lower level than recent years.

In the Lehigh Valley, the average price of self-serve gasoline is $3.727 per gallon, 3.2 cents lower than a week ago, 5.8 cents higher than a month ago and 3.1 cents lower than a year ago.

In Pennsylvania, the average price of self-serve gasoline is now $3.765 per gallon.

Nearby, the cheapest price for regular is $3.65 at the Giant Food Stores in Trexlertown.

If you spotted a better price, tell us in the comments.

3/5/13

WEEK AGO

YEAR AGO

National

$3.737

$3.782

$3.767

Pennsylvania

$3.765

$3.799

$3.775

Greater Philadelphia

$3.744

$3.779

$3.772

Lehigh Valley

$3.727

$3.759

$3.758

.