Gas prices expected to peak in June, analyst says | TribLIVE.com
Regional

Gas prices expected to peak in June, analyst says

Brian C. Rittmeyer
1121007_web1_web-gaspump

Gasoline prices could peak in the next week or so in much of the United States before dropping in June to match last summer’s prices, said Patrick DeHaan, head of petroleum analysis at GasBuddy.

“It appears that large increases in gas prices have begun to fade to distant memory, lending credibility to the notion that gas prices may be close to peaking for the time being,” DeHaan said.

“Oil prices have plummeted, and with President Trump’s shocking warning Sunday about raising tariffs on China, oil prices may see another weekly loss along with wholesale gasoline prices on the worry that perhaps a trade deal is not as close as anticipated, risking the recent growth in the U.S. economy and potentially leading to lower oil demand.”

In the Pittsburgh region, gas prices are up 4 cents in the past week to an average of $3.14 per gallon, according to GasBuddy’s survey of 731 stations. That’s 25.1 cents per gallon higher than a month ago, and 7.3 cents per gallon higher than a year ago.

The national average is up 1.3 cents per gallon in the last week to $2.89. That’s 14.3 cents per gallon more than a month ago, and 9.1 cents per gallon higher than a year ago, according to GasBuddy.

According to GasBuddy price reports, the cheapest station in the Pittsburgh region is $2.88, while the most expensive is $3.29.

Statewide, the lowest price is $2.50, while the highest is $3.49.

Brian C. Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, [email protected] or via Twitter .

Categories: Local | Regional
TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.