The average price of regular in the Philadelphia market continued to fall, now well below $3 per gallon on average for regular. Those price changes, plus prices in the region and nationally from GasBuddy at close of business Sunday:
• $2.94 per gallon average for regular in the market, down 3.4 cents in the past week.
• 21.0 cents per gallon lower than a month ago and 19.5 cents lower than a year ago.
• $2.64 per gallon is cheapest station in the market, down 4 cents in the past week.
• GasBuddy price locater to compare: www.gasbuddy.com/gasprices/pennsylvania/philadelphia.
• Fifth most expensive for the date behind 2023, 2022, 2024 and 2025.
• New Jersey: $2.80 per gallon, down 2.6 cents in the past week.
• Wilmington: $2.83 per gallon, up 16.3 cents in the past week.
• $2.74 per gallon average nationally, down 1.3 cents in the past week.
• $3.50 per gallon, average price of diesel nationally, down 2.3 cents in the past week.
“Motorists have been greeted with the sixth straight weekly decline in the national average price of gasoline as seasonality continues to drive trends at the pump,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We’ll soon have a clearer sense of what drivers may face next year, particularly as new developments in Venezuela put fresh attention on the global oil market. Some Americans believe gasoline prices could be impacted in a significant way, but I’m here to throw a bit of cold water on that. Even under the most optimistic outcomes, it could take years of positive developments for additional supply to meaningfully move the needle.”