Tuesday 2 September 2014

Gas prices should continue decline as summer travel season ends

Gas prices should continue decline as summer travel season ends

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The average price for gas today in the Harrisburg area is $3.36 a gallon.
Deb Kiner | dkiner@pennlive.comBy Deb Kiner | dkiner@pennlive.com 
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on September 02, 2014 at 2:50 PM, updated September 02, 2014 at 2:56 PM
With Labor Day in the rearview mirror, gas prices should continue to decline, according toGasBuddy.com.
"With the summer driving season behind us, motorists can look forward to a national average for gasoline that soon resumes its decline," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
"Falling demand and an impending change back to cheaper winter [blend] will begin to weigh on current gasoline prices in the next few weeks and by mid-September, much of the nation should see gasoline prices falling once again. Of course, we continue to monitor ever changing geopolitical tensions and hurricane season, but any impact from either should be limited thanks to the drop in demand and shift away from expensive summer blends of gasoline. By October, the national average will likely have declined another 5-10 cents per gallon, and by Halloween, we could see a national average lower than the $3.31/gal we saw to start 2014, DeHaan said.
The average price for gas in the Harrisburg area today remains at $3.36 a gallon – 1 cent lower than a week ago, 15 cents lower than a month ago and 22 cents lower than a year ago.
The average price in Pennsylvania is $3.44 a gallon. The national average is $3.43 a gallon.
The lowest price in the Harrisburg area is still $3.27 a gallon but it is available at more locations – Sam's Club in Swatara Township, an unnamed station in Highspire, Royal Mart in Highspire and B.J.'s in Lower Allen Township.

 
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