Philadelphia Area Gas Drops below $3 for First Time in Months 

Last time Philadelphia saw gas under $3 was April 25 

PHILADELPHIA, PA (October 27, 2018) For the first time since late April, the average price of gasoline in the Philadelphia 5-county region has dropped below $3.00 for a gallon of regular unleaded. It is typical for gas prices to tumble following the Labor Day holiday, as demand drops off and refineries change to the less expensive 'winter blend' of gasoline - but not this year. Gas prices have remained relatively high, mostly because of the high price of crude oil. But, gas prices nationwide have finally been trending downward for more than a week now.

"The $3 benchmark should bring welcome relief for motorists in the Philadelphia 5-county area who, for much of this year, have been paying the highest gas prices since 2014," says Jana L. Tidwell, manager of Public and Government Affairs for AAA Mid-Atlantic. "Unfortunately, AAA does not expect the downward trend to last.”

The average price for a gallon of regular gas in the Philadelphia 5 county region today is $2.99, down four cents from a week ago but still 38 cents more than on this date last year.

Nationwide, the average price of gas is $2.83 - three cents cheaper than a week ago but still 36 cents higher than on this same date last year.

AAA projects the drop off in gas prices will continue for the next 10 days or so but prices are expected to increase again during the first week of November with uncertainty around the mid-term elections and in anticipation of the U.S. announcement of imposed sanctions on Iran. (Nov 4).

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AAA provides automotive, travel and insurance services to 57 million members nationwide and more than three million members in Pennsylvania.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  The not-for-profit, fully tax-paying member organization works on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel and track their roadside assistance service with the AAA Mobile app for iPhone, iPad and Android.  For more information, visit www.AAA.com.