Good news at the pump as prices continue decline

Average gasoline prices declined in nearly every state last week, and the national average is at its lowest point since early April, an industry analyst said.

“The fall has come amidst a deep drop in oil prices set in to play on worries that tariffs could slow economic growth, reducing oil demand,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“The decline at the pump is likely to continue but may slow down in a few couple weeks as President Trump made a deal with Mexico over the weekend to avoid tariffs,” he said. “With gasoline inventories also growing in most areas of the country, the transition to summer gasoline complete, motorists will continue to see prices moving lower as the summer driving season gets underway. We’re likely to see more good news at the pump than bad for the foreseeable future.”

In the Pittsburgh region, gas prices have fallen 7.2 cents per gallon in the past week, averaging $2.94, according to GasBuddy’s survey of 731 stations. That’s 18.9 cents per gallon lower than a month ago, and 20.7 cents per gallon lower than a year ago.

Pittsburgh prices range from a low of $2.67 to $3.19. Statewide, the lowest price is $2.59; the highest, $3.29.

Nationally, the average price is down 7.1 cents per gallon in the past week, to $2.73 per gallon. That’s 12.9 cents per gallon less than a month ago, and 17.8 cents less than a year ago.

The cheapest price in the country stood at $1.97, while the most expensive is $5.19, according to GasBuddy.