Ketchikan's Gas Higher than Alaska's Average
January 26, 2015
Average retail gasoline prices in Alaska are reported to have fallen 15.6 cents per gallon in the past week, averaging $2.63 per gallon yesterday, according to GasBuddy's daily survey of 398 gas outlets in Alaska. This compares with the national average that has fallen 2.3 cents per gallon in the last week to $2.02 per gallon, according to gasoline price website GasBuddy.com.
"Welcome back, $1.99... This is the week that the lower 48 see the return to a national average of $1.99 per gallon - but motorists shouldn't expect it to last very long. Refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a soft bottoming out of the national average before a small recovery back in the very low $2's," said Patrick DeHaan, senior petroleum analyst with GasBuddy. "And while this year will still feature far lower prices than last year, we'll be subject to a seasonal lift in gasoline prices as refineries slow production to do maintenance and to make the progressive switch over to cleaner burning summer gasoline. Last year's lift began the second week of February and saw the upward trend last until the beginning of May, during which, the national average saw a rise of 35 cents a gallon. This year we're expecting a similar rise, though the previous few years the rise has averaged 30-65 cents per gallon," DeHaan noted.
"On the diesel side of things, price drops have continued to outpace drops in gasoline prices. Diesel prices dropped an average 7 cents per gallon in the last week to $2.835 per gallon. By the start of February, diesel will fall under $2.80 per gal, and by Valentines Day, they'll fall to $2.65 per gal, a sweetheart deal for consumers and trucking companies that have seen diesel prices lag behind gasoline prices," DeHaan predicted.
On January 24th, the price of diesel at the Ketchikan Safeway was $3.92 per gallon.
Some quick gasoline price statistics as of Monday morning:
Edited by Mary Kauffman, SitNews
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