Gasoline prices have slid to their lowest level since March thanks to rising U.S. inventories and sluggish demand, according to an analyst for the price-tracking firm GasBuddy.
“The jump in gasoline inventories has been so large it has offset oil prices, which touched $60 per barrel last week, as well as the U.S. and China suggesting they’ve reached a trade deal,” said Patrick DeHaan, GasBuddy’s head of petroleum analysis.
In the Pittsburgh area, average gas prices fell 2.3 cents per gallon from last week to an average of $2.80 per gallon, according to GasBuddy’s survey of 731 stations. That’s 1.5 cents per gallon more than a month ago, and 16.7 cents per gallon more than a year ago.
The national average is down 3 cents per gallon to an average of $2.55 per gallon. That’s 5.5 cents per gallon less than a month ago, but 19.3 cents per gallon more than a year ago.
Neighboring areas and their current average per-gallon gas prices:
• Akron — $2.57, up 20.5 cents per gallon;
• Cleveland — $2.58, up 8.4 cents per gallon;
• West Virginia — $2.51, down 1 cent per gallon.
