Lowest Gas Prices in a Decade Projected for This Summer

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By Daniel Moore

Motorists filling up their tanks in the Pittsburgh area are paying on average 95 cents a gallon less than what they did one year ago.

In fact, gas prices around Memorial Day have been much higher than Tuesday’s average of $2.90 a gallon for several years: $3.66 in 2013, $3.69 in 2012, $3.84 in 2011. That’s according to a price-tracking website that surveys 731 gas stations in Allegheny and six surrounding counties.

Yet consumers nationwide are wary heading into the summer months this year because of a near-record percentage increase in prices this spring, according to a survey by the National Association of Convenience Stores, an Alexandria, Va.-based trade association representing retailers that sell 80 percent of the gasoline in the United States.

The group’s most recent monthly survey found consumer optimism dropped to 48 percent, down from 57 percent in January. That is despite analysts projecting U.S. pump prices between Memorial Day and Labor Day could be the lowest since the summer of 2005.

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