Anchorage Weekly Gas Price Update and Outlook November 17 2014
Anchorage, November 17, 2014- Average retail gasoline prices in Anchorage have fallen 3.3 cents per gallon in the past week, averaging $3.46/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has fallen 1.7 cents per gallon in the last week to $2.89/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Anchorage during the past week, prices yesterday were 12.3 cents per gallon lower than the same day one year ago and are 22.8 cents per gallon lower than a month ago. The national average has decreased 25.5 cents per gallon during the last month and stands 29.8 cents per gallon lower than this day one year ago.
“Just a week ago, I was becoming concerned that the national average would level off unless crude oil prices kept dropping, and that's exactly what happened,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “Suddenly, the market turned bearish again and crude dropped as low as $74/bbl before closing the week out at a $2/bbl loss. Either way, the decline in crude price renews the downturn at the pump that had stabilized last week and helped the national average tip back into a downward decline. In most places across the country we should see the downward trend continue or re-emerge this week,” he noted.
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.