Gas Prices Rise Slightly in New Year

The average price of self-serve regular gas in Bucks and Montgomery Counties rose about 2.1 cents since last week, according to AAA’s Fuel Gauge Report. That is still 13.3 cents lower than last month but 12.6 cents higher than last year.

The price per gallon nationally is also up—by about 4.4 cents—since last week. The national average price of gasoline in 2012 was $3.60 a gallon, which was the most expensive annual average on record. The previous annual record was $3.51 a gallon set in 2011, while the third most expensive year for gas prices was 2008, when the average was $3.25 a gallon.

While the "fiscal cliff" deal in Washington could pressure gasoline prices higher to begin 2013, it is unlikely that this increase would be on par with a year ago, according to the report. Continued economic concerns, weak demand and increased domestic crude oil production are likely to temper any seasonal price increase in the coming months.

Locally, the cheapest price for regular is $3.38 at the Southampton BP at 912 Street Road, as of Friday, Jan. 4.

1/2/13

WEEK AGO

YEAR AGO

National

$3.291

$3.247

$3.279

Pennsylvania

$3.504

$3.427

$3.356

Philadelphia Area

$3.475

$3.454

$3.349

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