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Anchorage Weekly Gas Price Update and Outlook- July 1, 2013

Anchorage, July 1- Average retail gasoline prices in Anchorage have fallen 1.1 cents per gallon in the past week, averaging $3.91/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has fallen 5.7 cents per gallon in the last week to $3.50/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 6.9 cents per gallon lower than the same day one year ago and are 5.0 cents per gallon lower than a month ago. The national average has decreased 13.6 cents per gallon during the last month and stands 12.9 cents per gallon higher than this day one year ago.

"After an impressive surge abated several weeks ago, we're seeing gasoline prices decline nicely," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "One in five states currently has at least one gas station with gasoline under $3/gallon: South Carolina, Alabama, Tennessee, Oklahoma, Ohio, Texas, New Mexico, Virginia, Indiana, and Michigan all have at least one station statewide under $3. The national average is likely to continue its decline this week as retail prices catch up to the decrease in wholesale gasoline 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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