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Anchorage Weekly Gas Price Update and Outlook Sept. 11, 2012

Anchorage, September 10- Average retail gasoline prices in Anchorage have risen 3.0 cents per gallon in the past week, averaging $3.87/g yesterday. This compares with the national average that has increased 1.3 cents per gallon in the last week to $3.81/g, according to gasoline price website AnchorageGasPrices.com.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 1.9 cents per gallon higher than the same day one year ago and are 11.1 cents per gallon higher than a month ago. The national average has increased 14.6 cents per gallon during the last month and stands 14.9 cents per gallon higher than this day one year ago.

"Even with Isaac long gone, the oil industry is still bringing capacity back online- at refineries and oil rigs, which is keeping pressure on prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Supply remains tight across the country as we slowly approach the transition to winter-spec gasoline, but I continue to be firm in believing that the national average will start to decline towards the end of September, as is typically the case," 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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