Local gas prices 30 cents less than this time last year
Susquehanna Valley gas prices held at about $3.37 a gallon, about 30 cents less a gallon than this time a year ago, according to AAA East Central's Fuel Gauge report.
AAA East Central surveys 35 gas stations in the Susquehanna Valley area for its report. The lowest price was in Shamokin at $3.33 and the highest price was in Lewisburg at $3.35.
On the National Front
Tuesday's national average is the lowest on record for this calendar date since 2010 when the national average was $2.68. This price is 21 cents less than the same date in 2011 ($3.65) and 40 cents less than 2012 ($3.83).
While geopolitical developments in Ukraine and Iraq remain front page news, oil markets have marched steadily lower reflecting the assessment that global supplies remain unaffected. This slide in oil prices continued Tuesday as West Texas Intermediate (WTI) crude dropped $3.08 to $92.88 per barrel at the close of formal trading on the NYMEX. Tuesday's price marks a decline of more than $10 per barrel since the start of July and is the lowest settlement since Jan. 14, 2014.
(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 - $3.379
Average price during the week of Aug. 27, 2014 - $3.372
Average price during the week of Sept. 3, 2013 - $3.679
The average price for unleaded regular gasoline in Pennsylvania was $3.45.
The following is a list of the average price of unleaded self-serve gasoline in various areas: