Gas prices drop a cent
Susquehanna Valley gas prices dipped one cent to $3.82 a gallon this week, according to AAA East Central.
On the national front
Just in time for next week's start to a busy holiday travel season, motorists across the country are finally feeling some relief at the pump. Tuesday's national average price for regular unleaded gasoline was $3.644 per gallon. This is two cents less than one week ago and about seven cents more than this same date last year.
Gasoline prices have been declining since the beginning of the month, which is typical for this time of year, following the conclusion of refinery maintenance leading up to the May 1 deadline to begin producing summer-blend fuel. With this transition now complete, falling averages are increasingly likely to reflect that gas prices have reached their peak for the spring in many parts of the country. The national average has now fallen for 14 straight days, which is the longest streak since prices dropped 36 days in a row from Sept. 1 to Oct. 7 of 2013.
The country's record high stockpile of gasoline has the potential to keep downward pressure on prices entering this summer. Due to the increased supplies and relative absence of disruptions to production or distribution, drivers in many states are likely to see prices continue to fall as we approach the Memorial Day holiday. In comparison, over the same seven day period (May 5-12) last year, the national average increased six cents and continued to rise until following Memorial Day.
(AAA East Central - a not-for-profit association with 82 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.7 million members - provides Fuel Gauge each week.)
This week's Susquehanna Valley average price - $3.822
Average price during the week of May 6, 2014 - $3.833
Average price during the week of May 7, 2013 - $3.412
The following is a list of the average price of unleaded self-serve gasoline in various areas:
Lewisburg - $3.792
Mifflinburg - $3.850
Milton - $3.782
Selinsgrove - $3.857
Shamokin - $3.794
Sunbury - $3.858