Jamestown Gas Prices Down 3 Cents

Jamestown area gas prices fell almost three cents to $3.78 per gallon this week, according to AAA East Central

The national average price at the pump has fallen for 22 straight days, which is the longest streak in 2013. The average price for regular unleaded gasoline is $3.46 per gallon. This price is 5 cents less expensive than one week ago, 8 cents less than one month ago and 35 cents less than the same day last year.

Drivers in every state and D.C. are paying less for gasoline than one year ago. The magnitude of this discount varies greatly depending on what state you’re filling up in.

The beginning of the shift to cheaper winter-blend gasoline has helped lead prices lower, although the Midwest bears watching as recent planned and unplanned maintenance at regional refineries has already seen prices in Michigan, Indiana and Ohio jump in recent days.

Barring a hurricane or other unexpected disruption to gasoline production and distribution, AAA expects that retail prices will continue lower in the coming months, as sufficient supplies, flat demand and cheaper winter-blend gasoline mean motorists are likely to pay less to fill their tanks.

As retail gas prices have drifted lower in much of the country West Texas Intermediate crude oil prices have remained above $100 per barrel but pulled back somewhat from the recent multi-year high of $110.10 on Aug. 28. At the close of Monday’s formal trading on the NYMEX, WTI settled $1.16 lower at $103.59 per barrel – the lowest price since Aug. 8.

AAA East Central is a not-for-profit association with 82 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.7 million members.