eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new

Local

Gas Prices Falling As Summer Driving Season Approaches

file photo (Getty Images)

file photo (Getty Images)

Mike Dougherty Mike Dougherty
Mike is a general assignment reporter and editor for KYW Newsradio...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

by Mike Dougherty

PHILADELPHIA (CBS) — Gas prices are on the decline, just in time for start of the summer driving season.

You may have noticed the tumbling gas prices in the Philadelphia area. They are dropping on a weekly basis, despite previous predictions of $4 a gallon by Memorial Day. And crude oil prices are still falling.

As a result, analysts lowered their summer outlook by 16 cents and some believe that we’ll see average prices at or below $3.50 a gallon by 4th of July.

According to Triple-A Mid-Atlantic, Pennsylvanians are currently paying $3.73 for a gallon of regular on average, nine cents less than last week and down more than 25 cents from last year.

In South Jersey, the average price for a gallon of regular is $3.63, down a nickel from last week and almost a quarter less per gallon than last year.

Top Content On CBSPhilly

Follow

Get every new post delivered to your Inbox.

Join 32,059 other followers