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Anchorage Weekly Fuel Update and Outlook: January 25, 2016

Alaska is $2.38/g, down 2.5 cents per gallon from last week's $2.41/g


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January 25- Average retail gasoline prices in Anchorage have fallen 1.8 cents per gallon in the past week, averaging $2.30/g yesterday, according to GasBuddy's daily survey of 86 gas outlets in Anchorage. This compares with the national average that has fallen 6.5 cents per gallon in the last week to $1.82/g, according to gasoline price website GasBuddy.com.

Areas nearby Anchorage and their current gas price climate:
Tacoma- $2.21/g, down 11.1 cents per gallon from last week's $2.32/g.
Alaska- $2.38/g, down 2.5 cents per gallon from last week's $2.41/g.
Seattle- $2.37/g, down 8.0 cents per gallon from last week's $2.45/g.

Including the change in gas prices in Anchorage during the past week, prices yesterday were 25.5 cents per gallon lower than the same day one year ago and are 2.4 cents per gallon higher than a month ago. The national average has decreased 17.5 cents per gallon during the last month and stands 20.0 cents per gallon lower than this day one year ago.

“As the Northeast digs out from the brutal blizzard Jonas, commodities markets are attempting to dig themselves out of their recent hole," said Will Speer, a GasBuddy senior petroleum analyst. "Crude oil futures have lost 18% of value since the end of 2015 and have cleared the way for the retail gasoline price decline. Ample supply has been attributed as the cause of prices falling at the pump. Gasoline inventories sitting at 245 million barrels are the highest the U.S. has seen since March 1990,” he said.

For LIVE fuel price averages, visit http://media.gasbuddy.com.

 

About GasBuddy.com
GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.

 

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