News

Gas prices are expected to level off soon

Written by Tim Lambert and Radio Pennsylvania | Jun 1, 2015 3:47 AM
gas prices.jpg

Photo by AP Photo/Stephan Savoia

(Undated) -- The price of gasoline has been on the rise in recent months.

But, it's expected stabilize in the next week or so.

Since the start of the year, the cost of a gallon of gas has jumped about .84 cents in Pennsylvania.

AAA Mid-Atlantic spokeswoman Jana Tidwell points to two main contributors to the price increase.

"We've seen in recent weeks, the changeover to the summer-blended gasoline across the country and that is a more expensive blend of gasoline, which has been contributing to the price of gas," he says. "But, we've also seen crude oil increase and when we see crude oil go up, we almost always see gas prices go up."

Tidwell says motorists are still seeing a significant savings at the pump because prices remain about $1 less per gallon than they were at this time last year.

"As refinery issues level off and the summer-blended gasoline is assimilated and barring any unforseen geo-political or financial or additional refinery issues, prices should begin to level off."

AAA predicts the price should stay below $3 a gallon through the end of the year. 

According to GasBuddy.com, the average cost per gallon in the midstate is $2.75 -- with a low of $2.59 at a Pacific Pride station in Birdsboro, Berks County.

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