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Analysts: gas prices should fall this month

Written by Matt Paul and Radio Pennsylvania | Dec 7, 2013 5:24 AM
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(Harrisburg) -- A pre-Thanksgiving spike in gasoline prices is likely to only be temporary.

AAA Mid Atlantic’s Jenny Robinson says the increase wasn’t caused by the holiday, but by unexpected refinery problems in the Gulf Coast region, which limited production. If the cost of crude oil remains low, Robinson says gas prices could drop 10 -15 cents by the end of year.

“They often do reach a low for the year in the middle of December,” she explains. “For example, last year the national average reached a low of $3.22 per gallon on December 20th of 2012. The year before that, they reached a low of $3.21 per gallon on December 21st.”

Regular gasoline was averaging $3.40 a gallon in the Lancaster metro area on Friday, according to the AAA Fuel Gauge Report. That’s two cents below the statewide average and three pennies less than average gas prices in the Harrisburg-Lebanon-Carlie metro.

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