The average fuel price in Philadelphia has reached $3.70 a gallon as the result of a 17-cent spike over the last week.
Prices at the pump are declining, and several factors in the market could help that trend could continue.
You may have noticed while filling up, that gas prices are significantly higher.
It was nice to watch gas prices tumble leading up to the 4th of July. Triple-AAA Mid-Atlantic says that’s over, for now.
The streak is over! For the first time in over five weeks gasoline prices are down.
A gallon of regular is now $3.65 in Philadelphia, $3.50 in New Jersey on average up six cents and five cents, respectively, from last week.
Motorists continue to see lower prices at the pumps in New Jersey.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.30, up 16 cents from last week in New Jersey.
The rebellion in Libya has caused another big spike in oil prices this week, pushing gasoline prices in our region ever higher.
“We’re up four cents just this weekend, and up seven cents from just a week ago,” notes Midatlantic AAA spokeswoman Jana Tidwell.