HARRISBURG – Average gasoline prices in Pennsylvania have risen 5.5 cents per gallon in the last week, averaging $3.90/g today. The national average price of gasoline has risen 7.8 cents per gallon in the last week, averaging $3.79/g today.
The national average price of diesel has risen 14.9 cents in the last week and stands at $4.143 per gallon.
“Average gasoline prices continued to move up last week thanks to a continued rise in oil and continued pressure from hot weather that impacted refineries. However, the pace of increases has started to slow down over the last few days, and for now, appears to have hit a peak over the weekend and is beginning to gently fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The price of diesel, however, continues to rise at a fairly strong pace, with average prices up nearly 15 cents per gallon from a week ago. Diesel will likely continue to see upward momentum while gasoline price increases should become more limited. But, with oil remaining under pressure from Saudi Arabia extending its 1 million barrel per day production cut into September, the respite from gasoline rising may not last long. Plus, there remain unknowns about hurricane season that will likely become more active in the weeks ahead.”
