PHILADELPHIA, PA — Gas prices always have a significant impact on everyone’s budget. People are always looking for ways to save money. One of the ways to keep your budget in check is by keeping an eye on gas prices. In recent times, gas prices have fluctuated quite a bit, and it is essential to keep track of these changes. Stacker compiled statistics on gas prices in the Philadelphia Metropolitan Area using data from AAA.
The current gas price in Philadelphia is $3.93, which is slightly higher than the Pennsylvania average of $3.91. Over the last week, there has been a tiny increase in gas prices by $0.02 or 0.5%. However, compared to last year, gas prices have gone down by $0.47 or 10.8%. The record-high gas price in Philadelphia was $5.12, recorded on June 12, 2022. On the other hand, the current diesel price in Philadelphia is $4.43, which is a significant increase of $0.16 or 3.8% over the last week. Nevertheless, diesel prices have gone down by $1.10 or 19.9% compared to last year. The record-high diesel price in Philadelphia was $6.51, recorded on May 21, 2022.
AAA reports that the average gas price nationwide is currently $3.82 per gallon. However, the cost of fuel can vary significantly in different metropolitan areas. In the United States, the top three places with the highest gas prices are San Luis Obispo-Atascadero-Paso Robles, CA, at $5.33 per gallon, followed by Lihue (Kauai), HI, at $5.26, and Los Angeles-Long Beach, CA, at $5.16. On the other end of the spectrum, the three places with the lowest gas prices are Henderson, KY, at $3.16, Monroe, LA, and San Angelo, TX, both at $3.28. If you have plans to travel to any of these areas, it is crucial to be mindful of the varying gas prices.
GasBuddy analyst Patrick De Haan says that relief may be on the way for drivers soon. Though the pace of increase has slowed down in the last few days, De Haan says there is a potential risk of higher prices due to the destructive hurricane season predicted for this year. Hurricanes are most likely to form over the ocean from June 1 to Nov. 30. Keeping an eye on the weather reports and the gas prices can help plan your travel budget accordingly.