Gas Prices Jump 8 Cents in a Week

In the Bucks and Montgomery area, the average price for self-serve regular unleaded gasoline is $3.701 per gallon, which is 7.6 cents higher than a week ago, according to AAA’s Fuel Gauge Report.

In the last week of July, prices dropped about 1 cent per gallon, but the report indicates that prices for crude oil moved above $90 a barrel after a positive U.S. jobs report on Friday. More employment, means more fuel is in demand and that pushes prices higher.

The local pump prices are 26.4 cents higher than a month ago but 6.9 cents lower than a year ago.

Locally, the cheapest price for regular is $3.60 at the on Hulmeville Road.

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

8/7/12

WEEK AGO

YEAR AGO

National

$3.634

$3.500

$3.673

Pennsylvania

$3.614

$3.526

$3.710

Bucks/Montgomery Area

$3.701

$3.625

$3.770

Lehigh Valley

$3.552

$3.468

$3.637