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Anchorage Weekly Gas Price Update and Outlook

Anchorage, April 29- Average retail gasoline prices in Anchorage have fallen 0.5 cents per gallon in the past week, averaging $3.84/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has fallen 1.6 cents per gallon in the last week to $3.49/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 40.6 cents per gallon lower than the same day one year ago and are 4.4 cents per gallon lower than a month ago. The national average has decreased 13.3 cents per gallon during the last month and stands 32.2 cents per gallon lower than this day one year ago.

"The party at the pump with the seasonally lower prices may be temporarily over," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "We've seen situations unfold that have caused a reversal in the downward trend, and those situations are multiplying across portions of the U.S. and Canada. Along the West Coast, supply has grown tight and will lead to likely increases, and in the Great Lakes prices may spike 10-20c/gallon in the next two days in over a half dozen states as a result of a similar situation. Refineries are finishing what was an extensive maintenance season and with plant restarts commencing, problems may develop, putting pressure on prices," DeHaan said.

About GasBuddy
GasBuddy operates AnchorageGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.

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