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Anchorage Weekly Gas Price Update and Outlook Feb 4, 2013

Anchorage, February 4- Average retail gasoline prices in Anchorage have risen 10.6 cents per gallon in the past week, averaging $3.59/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has increased 14.4 cents per gallon in the last week to $3.48/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 16.2 cents per gallon lower than the same day one year ago and are 20.6 cents per gallon higher than a month ago. The national average has increased 21.1 cents per gallon during the last month and stands 4.4 cents per gallon higher than this day one year ago.

"The national average has ticked higher in the last week, as rising oil prices have put upward pressure on gasoline prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Unfortunately for angry motorists, there doesn't seem to be much relief in sight, at least for the time being, as retail prices continue to climb in virtually all areas of the country," 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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