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Anchorage Weekly Gas Price Update and Outlook August 27th

Anchorage, August 27- Average retail gasoline prices in Anchorage have risen 4.0 cents per gallon in the past week, averaging $3.79/g yesterday. This compares with the national average that has increased 3.0 cents per gallon in the last week to $3.73/g, according to gasoline price website AnchorageGasPrices.com.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 6.6 cents per gallon higher than the same day one year ago and are 5.9 cents per gallon lower than a month ago. The national average has increased 23.3 cents per gallon during the last month and stands 11.8 cents per gallon higher than this day one year ago.

"Well, for those that have noticed, the national average has perked up slightly in the last week as oil prices have advanced," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While that may be notable, soon-to-be Hurricane Isaac will be the story this week. It's entirely within the realm of possibility that we see refinery outages, oil production losses, and gasoline supply issues- essentially all the things you don't want to happen. While this storm doesn't currently appear as powerful as other storms that have caused similar concern- we're continuing to watch the situation develop. One thing is for sure- I'm concerned that this storm will temporarily drive prices higher in the short term," DeHaan said.

About AnchorageGasPrices.com

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 20 million times to help motorists find gasoline prices in their area.

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