Alaska Weekly Gas Price Update and Outlook

Alaska, AK, February 1- Average retail gasoline prices in Alaska have risen 6.0 cents per gallon in the past week, averaging $3.50/g today. This compares with the national average that has fallen 2.1 cents per gallon in the last week to $2.67/g, according to gasoline price website AlaskaGasPrices.com.


Including the change in gas prices in Alaska during the past week, prices today are $1.06/g higher than the same day one year ago and are 3.7 cents per gallon higher than a month ago. The national average has increased 2.7 cents per gallon during the last month and stands 81.5 cents per gallon higher than this day a year ago.

"Prices will slowly fall across much of the country as a stronger dollar and better than expected gains in gasoline inventories push oil prices lower", says GasBuddy.com Senior Petroleum Analyst, Patrick DeHaan.

DeHaan says that motorists can expect to see lower prices at the pump through mid-February before rising in March and April as refiners complete work on their plants. He also notes the significant jump in prices compared to last year, saying "higher gasoline prices are making it hard for the economy to recover as many Americans are still jobless, looking for employment."

About AlaskaGasPrices.com

GasBuddy.com operates over 200 live gasoline price-tracking websites, including AlaskaGasPrices.com. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.

For more information or methodology, contact:

Patrick DeHaan
Senior Petroleum Analyst, GasBuddy.com
E-mail: pdehaan@gasbuddy.com
616-717-5618

Jason Toews
Co-Founder, GasBuddy.com
E-mail: jtoews@gasbuddy.com
612-875-2766