Oct. 15–Dropping gasoline prices in Great Lakes states have pulled down the national average despite increases along the West Coast, a petroleum analyst says.
“Great Lakes states have wreaked havoc on the national average, sending it down considerably as stations there have passed along the recent drop in oil prices relatively quickly,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “However, while Great Lakes motorists were seeing lower prices, average prices along the West Coast, mainly in Washington and Oregon, have started to jump after a natural gas pipeline explosion last week pushed some refineries to close.”
Gas prices in Pittsburgh fell 1 cent per gallon in the past week to an average of $3.13, according to GasBuddy’s daily survey of 731 stations. That compares to the national average of $2.88 per gallon, which is down 2.6 cents.
In Pittsburgh, prices are 0.6 cents per gallon higher than a month ago, and 36.9 cents per gallon higher than a year ago. The national average is 2.6 cents per gallon higher than a month ago, and 42.5 cents higher than a year ago.
DeHaan said events in Saudi Arabia surrounding the disappearance of a Washington Post journalist bear monitoring, as it could rile tensions between the world’s largest oil consumer rand one of the largest oil producers.
“I believe gas prices in most areas East of the Rockies will drift lower, but keep an eye out on these new developments,” he said. “I don’t know that I’ve ever seen autumn so rife with possible volatility at the pump as we’re seeing now.”
Brian Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, email@example.com or via Twitter @BCRittmeyer.
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