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Autumn gas price relief arrives across much of the nation as oil prices fall

November 9, 2018

Much of the country is continuing to enjoy falling as prices as oil prices have dropped to $69 per barrel, a gas analyst says.

“With the exception of the West Coast where an earlier natural gas pipeline shut down caused prices to up, nearly every state saw prices move lower,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “The Great Lakes has seen prices drop 30-to-50 cents per gallon at individual stations since the start of October, leading decliners.

“The fall relief that has been expected for weeks has finally arrived.”

In Pittsburgh, gas prices have fallen 2.2 cents per gallon in the past week, averaging $3.10 per gallon yesterday, according to GasBuddy’s daily survey of 731 stations.

That compares with the national average of $2.83 per gallon, which is down 4.7 cents per gallon from last week.

Locally, prices yesterday were 0.7 cents per gallon lower than a month ago, but 36.1 cents per gallon higher than a year ago. The national average has dropped 1.6 cents per gallon during the last month, and stands 39.6 cents per gallon higher than a year ago.

The drop in gas prices that usually comes in the fall was delayed this year because of concern over Iran sanctions and OPEC production, DeHaan said.

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