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Anchorage Weekly Gas Price Update and Outlook- August 19, 2013

Anchorage, August 19- Average retail gasoline prices in Anchorage have fallen 0.7 cents per gallon in the past week, averaging $3.95/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.57/g, according to gasoline price website GasBuddy.com. 

Including the change in gas prices in Anchorage during the past week, prices yesterday were 21.1 cents per gallon higher than the same day one year ago and are 0.7 cents per gallon lower than a month ago. The national average has decreased 10.8 cents per gallon during the last month and stands 13.0 cents per gallon lower than this day one year ago. 

"Americans are now shelling out $50 million less per day than they were last year when pump prices averaged 13-cents more per gallon," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Most states are seeing their average below last year, and as summer slowly fades, gasoline prices may as well in many communities. Cooler weather typically brings relief as demand declines and discretionary travel ebbs. I expect that pump prices may drift lower over the next few days, much focus remains on the tropics," 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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