PA Gas Prices 15 Cents Higher Than Month Ago

From the East Penn Region, of AAA East Central:

According to AAA’s Fuel Gauge Report, West Texas Intermediate crude oil prices were up $2.01 to settle at $100.71 per barrel yesterday. This increase is attributed to global economic and geopolitical news stories. Both a strengthening global economy that would be expected to demand more crude oil and the threat of decreased global oil production puts upward pressure on crude prices. 

Despite U.S. demand for gasoline being at a multi-year low, high crude prices and reports of impending refinery shutdowns have seen the national average price at the pump increase ten cents to begin 2012.

The current national average retail price for a gallon of self-serve regular gasoline is $3.378 up 15.7 cents from last month.

In Pennsylvania, today’s average price of self-serve gasoline is $3.469 up 15.2 cents from a month ago and 28.8 cents higher than a year ago.

In the Lehigh Valley, the average price for self-serve regular unleaded gasoline is $3.456 per gallon which is 17.8 cents higher than a month ago and 29.8 cents higher than a year ago.

In the Philadelphia market, the average price for self- serve regular unleaded gasoline is $3.466 per gallon which is 14.4 cents higher than a month ago and 26.3 cents higher than a year ago. 

1/18/2012

WEEK AGO

YEAR AGO

NATIONAL

3.378

3.372

3.100

PENNSYLVANIA

3.469

3.466

3.181

ALLENTOWN/BETHLEHEM/EASTON

3.456

3.449

3.158

PHILADELPHIA 

3.466

3.463

3.203

The East Penn Region, of AAA East Central, an affiliate of AAA and the Pennsylvania AAA Federation, has more than 270,000 members throughout its service area which takes in all of Lehigh County, and part of Bucks, Carbon, Chester, Montgomery and Northampton Counties.