Gas Prices Drop 25 Cents in a Month

Lower crude oil prices, and cold weather, has pushed gas prices down for the third week, with the national average per gallon down 35 cents from a month ago and the Pennsylvania price down 25 cents, according to AAA’s Fuel Gauge Report.

In Bucks and Montgomery counties, the average price of a gallon is $3.696 per gallon, which is 2.3 cents lower than a week ago, 23.8 cents lower than a month ago and 22.1 cents higher than a year ago.

Power outages and distribution issues in the wake of Hurricane Sandy left some delivery terminals and service stations – particularly in northern New Jersey and New York City – without electricity. It is important for motorists to realize, the report states, that this continues to be an issue of electrical supply rather than a gasoline shortage.

Locally, the cheapest price for regular is $3.50 at the Lukoil on Easton Road in Horsham.

If you spotted a better price, tell us in comments.

11/6/12

WEEK AGO

YEAR AGO

National

$3.463

$3.534

$3.411

Pennsylvania

$3.651

$3.674

$3.451

Bucks/Montgomery Area

$3.696

$3.719

$3.475

Lehigh Valley

$3.593

$3.597

$3.424