Gas prices in Philadelphia area are below $4 for the first time in months
PHILADELPHIA (CBS) – After months of record-breaking prices, the cost to fill up your tank is finally going down. Tuesday morning, people in the Greater Philadelphia Area can expect to pay less than $4 a gallon.
Pennsylvania is now one of 39 states where the average gallon of gas is below $4.
Gas prices in Philadelphia have dipped below $4 per gallon for the first time in six months. I’ll have a look at prices in NJ and DE, plus what is driving prices down coming up at 6am on @CBSPhiladelphia pic.twitter.com/ZIftPjJ9uf
— Ross DiMattei CBS-3 (@RossDiMattei) September 6, 2022
Gas at a Wawa that CBS3 checked Tuesday morning was $3.95 a gallon.
According to AAA, it's the first time gas has been that cheap in six months.
Also according to AAA, if you're getting gas in the five-county Philadelphia area, it will cost you an average of $3.98 a gallon. That's more than the national average but it's a big drop from just three months ago in June when gas prices hit a record-high average of $5.11.
In south jersey, the average gallon of gas is down to $3.81.
And northern Delaware has the cheapest gas in our area. The average price of a gallon also dropped in Delaware from Monday into Tuesday down to $3.58.
Experts say prices at the pump are falling because the price of crude oil has dropped to less than $100 per barrel and the demand for gas has dropped as drivers have adjusted their habits to higher gas prices.
As cheap as gas seems in Southeastern Pennsylvania right now, prices are still up 70 cents a gallon from this time last year.
A AAA spokesperson says the organization is optimistic that gas prices will continue to fall but adds the overall situation remains volatile, especially as hurricane activity picks up in the Atlantic.