Gas Prices Level Out

After months of a steady decline, gas prices saw it’s first uptick last week, according to AAA’s Fuel Gauge Report.

The national average this for a gallon of gas rose 1.7 cents from last week. In Bucks and Montgomery Counties, it went up less than 1 cent, .9, to be exact, making the average price $3.472, that’s 11.4 cents lower than a month ago and 38.3 less than last year’s prices.

Since national gas prices peaked at the end of February, motorists nationwide have felt welcome relief at the pump in the form of falling prices, the report states; however, the recent broader increase in retail gas prices has been supported by higher global crude oil prices.

Plus, news over the weekend of an Israeli airstrike in Syria raised fresh concerns of a possible disruption to oil supplies in the Middle East and added to the upward pressure on prices.

The Pennsylvania average retail price for a gallon of self-serve actually went down 1.4 cents from last week  $3.463, down 2.7 cents from a week ago.

Nearby, the cheapest price for regular is $3.40 at the Hess, 724 Street Rd.

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

5/7/13

WEEK AGO

YEAR AGO

National

$3.525

$3.508

$3.777

Pennsylvania

$3.449

$3.463

$3.793

Bucks/Montgomery Area

$3.472

$3.463

$3.855

Lehigh Valley

$3.412

$3.425

$3.781