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Business & Tech

Gas 30 Cents Cheaper Than Last Spring

According to AAA, the national average price of gasoline decreased during March for the first time in 10 years.

The national average price of gasoline decreased during March for the first time in 10 years, and gas prices now average more than 30 cents per gallon less than a year ago,according to a report from AAA. This spring, the national average should remain less expensive than last year’s prices. Last year, gasoline prices peaked in April, so this year’s decrease throughout March is unusual.

“It is very unusual for gas prices to decline in early spring like we have seen this year,” said Jana L. Tidwell, Public Affairs Specialist for AAA Mid-Atlantic. “An increase in refinery production and lower oil prices in early March have combined to provide rare falling prices for motorists in comparison to recent years.”   

AAA predicts gasoline prices nationwide in April should remain less expensive than in recent years because oil is cheaper and refinery production is rising. Much of the country still needs to transition to the more expensive summer-blend gasoline and there is still refinery maintenance left to complete, which could result in a brief surge in gas prices.

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4/7/13

Week Ago

Year Ago

National

$3.60

$3.64

$3.93

Pennsylvania

$3.62

$3.66

$3.98

Philadelphia Area

$3.59

$3.63

$3.98

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