Susquehanna Valley gas prices fell almost two cents this week
Susquehanna Valley gas prices fell almost two cents to $3.61 a gallon this week, according to AAA East Central.
On the National Front
Tuesday's national average price at the pump is $3.56 per gallon. This is three cents more expensive than one week ago and 10 cents more than one month ago, but it is still eight cents per gallon less than the same date last year.
The national average continues to creep higher into the range that AAA expects prices to peak: between $3.55 and $3.75 per gallon. Prices may increase in the coming weeks; however the end is likely in sight for many drivers across the country.
The exception to this trend could be motorists in regions where unexpected refinery or distribution issues cause prices to temporarily spike. Every spring refiners are required to switch to producing summer-blend gasoline by May 1.
Weak global economic data and the growing consensus that geopolitical tensions with Russia are unlikely to disrupt crude oil distribution have kept a cap on crude oil prices.
However, the price of West Texas Intermediate (WTI) has remained near or above $100 per barrel, which is $5-10 higher than the price last year. This trend continued Monday as the price of WTI settled at $101.58 per barrel, down nine cents on the 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 - $3.608
Average price during the week of March 25, 2014 - $3.624
Average price during the week of April 2, 2013 - $3.628
The following is a list of the average price of unleaded self-serve gasoline in various areas:
Lewisburg - $3.548
Mifflinburg - $3.658
Milton - $3.568
Selinsgrove - $3.656
Shamokin - $3.561
Sunbury - $3.659