The average price of regular in the Philadelphia market is ending March continuing to surge over the war with Iran. Those price changes, plus prices in the region and nationally from GasBuddy at close of business Sunday:
• $3.96 per gallon average for regular in the market, up 28.5 cents in the past week.
• 95.0 cents per gallon higher than a month ago and 83.7 cents higher than a year ago.
• $3.49 per gallon is cheapest station in the market, unchanged in a week.
• GasBuddy price locater to compare: www.gasbuddy.com/gasprices/pennsylvania/philadelphia.
• Second most expensive for the date behind 2022.
• New Jersey: $3.86 per gallon, up 27.0 cents in the past week.
• Wilmington: $3.77 per gallon, up 35.6 cents in the past week.
• $3.92 per gallon average nationally, up 24.3 cents in the past week.
• $5.23 per gallon, average price of diesel nationally, up 27.0 cents in the past week, the highest price since November 2022.
“Gas prices continued to rise nationwide over the last week as seasonal factors, combined with ongoing supply concerns tied to the continued disruption in the Strait of Hormuz, pushed both gasoline and diesel prices sharply higher,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It now appears increasingly likely that the national average price of gasoline will reach the $4-per-gallon mark — potentially as early as this week — for the first time since 2022, while diesel prices are surging to multi-year highs, with some markets nearing record territory. There are few signs of stabilization so far, as global oil prices continue to climb and early indications suggest consumers may begin to pull back in response to the rapid pace of increases.”
The price of crude oil had backed away from $100 a barrel at noon Monday, and was trading near $90 on word of a potential deal to end the hostilities between the U.S.-Israel coalition and Iran.