Winter gasoline, lower demand to drive prices lower; Florence impact ‘next to nothing’
Winter gasoline across most of the country and lower demand in the weeks ahead will push gasoline prices lower, said Patrick DeHaan, head of petroleum analysis for GasBuddy.
“With several areas of tropical weather moving away from the U.S. comes some breathing room for energy markets, with oil prices under pressure as the risk premium subsides, setting the stage for some relief at the gas pump as we progress through the week,” DeHaan said. “Despite the tremendous blow and flooding of the Carolinas, Florence’s impact on oil delivery and refinery operations was next to nothing.”
In Pittsburgh gas prices have risen 0.8 cents per gallon in the last week to an average of $3.12, according to GasBuddy’s daily survey of 731 stations. That’s higher than the national average of $2.84, which is up 0.5 cents per gallon.
Locally, prices are unchanged from a month ago, and 25.9 cents higher than a year ago. The national average is 0.5 cents per gallon higher than last month, and 23.8 cents per gallon higher than a year ago.
Brian Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, [email protected] or via Twitter @BCRittmeyer.