Business & Tech
Gas Prices Rise 8 Cents in a Week
After a slight drop in the last week of July, gas prices rise about 8 cents in the first week of August. Where's the cheapest gas in Newtown?
In the Bucks and Montgomery area, the average price for self-serve regular unleaded gasoline is $3.701 per gallon, which is 7.6 cents higher than a week ago, according to AAA’s Fuel Gauge Report.
In the last week of July, prices dropped about 1 cent per gallon, but the report indicates that prices for crude oil moved above $90 a barrel after a positive U.S. jobs report on Friday. More employment, means more fuel is in demand and that pushes prices higher.
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The local pump prices are 26.4 cents higher than a month ago but 6.9 cents lower than a year ago.
Locally, the cheapest price for regular gas is $3.88 at the Kerrigan Sunoco on Washington Avenue.
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If you spotted a better price, tell us in comments.
8/7/12
WEEK AGO
YEAR AGO
National
$3.634
$3.500
$3.673
Pennsylvania
$3.614
$3.526
$3.710
Bucks/Montgomery Area
$3.701
$3.625
$3.770
Lehigh Valley
$3.552
