Gas prices in Delaware have been dropping on a weekly basis for more than a month, and analysts are optimistic the trend may continue into the summer.
As of the start of this week, AAA Mid-Atlantic says unleaded regular is selling for an average of $3.65 a gallon in Delaware, down a nickel from the previous week. Prices have dropped by about 19 cents during the past month. Crude oil price trends, reduced demand in Europe and the U.S. and increased refinery activity are among the factors behind the recent decline in prices. AAA cites one analyst who believes the price of gas may drop to about $3.50 by the 4th of July. The national average for a gallon of gas is $3.73. Gas is selling for about $3.80 in Philadelphia and its surrounding Pennsylvania counties, while the price per gallon in south Jersey is about $3.63.