An unprecedented decline in demand is “dismantling expensive gas prices everywhere,” an industry analyst says.
The national average has been declining for two months, said Patrick DeHaan, head of petroleum analysis for the price-tracking service GasBuddy.
“With oil again at new multi-decade lows, we still have room for prices to fall nearly countrywide,” DeHaan said.It’s becoming more likely that even after most Americans return to work, there will be a hangover to the low prices that many motorists will eventually be able to take advantage of.”
In the Pittsburgh area, gasoline is averaging $2.17 per gallon, 2.7 cents less than last week, according to GasBuddy’s survey of 731 stations. That’s 23 cents per gallon less than a month ago, and 87.5 cents per gallon less than a year ago.
Prices in the Pittsburgh area range from $1.59 per gallon up to $2.79. Statewide, prices range from $1.49 up to $2.89.
The national average is $1.78, down 5 cents from last week. That’s 33.1 cents per gallon less than a month ago, and $1.06 less than a year ago.
In neighboring states, the current average per-gallon gas prices are:
• Akron — $1.37, down 3.9 cents per gallon from last week;
• Cleveland — $1.44, down 2.8 cents per gallon from last week;
• West Virginia — $1.75, down 5.3 cents per gallon from last week.
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