Gas Prices Drop 20 Cents

The average price of self-serve regular in Bucks and Montgomery dropped nearly 20 cents since last month, which is down 6.4 cents since last week and 15.1 cents higher than last year, according to AAA’s Fuel Gauge Report.

Drivers are feeling relief at the pump across the country as gas prices continue to fall approaching the busy year-end holiday travel season. Prices have been driven lower by a number of factors, including the switch to winter-blend fuel – which is less expensive to produce – increased gasoline inventories, cheaper crude oil prices, lower demand and economic concerns. 

The national average for a gallon of self-serve regular gasoline is $3.236; in Pennsylvania it’s $3.447 per gallon and in Bucks and Montgomery $3.473.

Locally, the cheapest price for regular is $3.37 at the Giant - 424 York Rd (PA-263) near N Lincoln Ave.

If you spotted a better price, tell us in comments.

12/18/12

WEEK AGO

YEAR AGO

National

$3.236

$3.328

$3.288

Pennsylvania

$3.447

$3.517

$3.324

Bucks/Montgomery Area

$3.473

$3.535

$3.322

Lehigh Valley

$3.451

$3. 516

$3.278