Shore prices take a plunge at the pump

Times-Record - - NEWS - By DENAE SPIERING dspier­ing@ches­pub.com Fol­low me on Twit­ter @ Dspier­ing617

EAS­TON — Amer­i­cans are used to feel­ing a pinch at the pumps when it comes to sum­mer travel, but prices this year may leave a lit­tle more in the pocket than pre­vi­ous years.

“It is in­cred­i­ble. I just can­not be­lieve it,” said Ray Grodecki of Eas­ton, as he was fu­el­ing up his car at the Wawa on U.S. Route 50 in Eas­ton.

“It went down to $2.09, then it jumped to $2.24, now it’s $2.02,” Grodecki said. “It’s won­der­ful.”

Gas prices are con­tin­u­ing to drop, ac­cord­ing to a Mon­day, June 12, re­port by the Amer­i­can Automobile As­so­ci­a­tion.

The re­port states the cur­rent na­tional av­er­age at the pump is $2.34, which is cheaper than last June and sub­stan­tially cheaper than 2014 prices of $3.50 per gal­lon. How­ever, ac­cord­ing to AAA’s web­site, the na­tional av­er­age for Thurs­day, June 22, was $2.28, in­di­cat­ing that in 10 days the price had dropped an­other 6 cents.

Ac­cord­ing to the United States En­ergy In­for­ma­tion Ad­min­is­tra­tion, the last time gas prices were this low for the sum­mer sea­son was June 2005, at $2.19.

The trend con­tin­ues through ma­jor­ity of the United States, with many states see­ing a dou­ble-digit price drop.

Mary­land and most of the mid-At­lantic re­gion ex­pe­ri­enced a 4- to 6-cent de­crease, while most states are see­ing a 3-cent drop since last week.

The gaso­line at Wawa in Eas­ton was well below the na­tional av­er­age, with prices start­ing at $2.02 per gal­lon for reg­u­lar un­leaded gaso­line.

There were sev­eral cars and trucks lined up wait­ing to fuel up and take ad­van­tage of the low rates.

Mike Gold­berg of Sal­is­bury was at the pumps fill­ing up and said with the chang­ing mar­ket he plans to take ad­van­tage of the prices while he can.

“Just like ev­ery­one else, I am glad to see they are com­ing down,” Gold­berg said. “I am sure it is tem­po­rary, but I plan to en­joy it while it lasts.”

AAA cred­its the dip in pric­ing to an un­ex­pected buildup of crude oil, com­bined with on­go­ing high gaso­line pro­duc­tion runs, an in­crease in gaso­line stocks and a drop in gaso­line de­mand.

The United States En­ergy In­for­ma­tion Ad­min­is­tra­tion re­ports a cur­rent 800,000-gaso­line in­ven­tor y, bring­ing the to­tal to nearly 70 mil­lion bar­rels, with the av­er­age price per bar­rel drop­ping from $46 to $43 within the past week.

AAA does not pre­dict gaso­line prices to drop any lower than the cur­rent rate and said as con­sumers feel en­cour­aged to drive more, ul­ti­mately there will be an in­crease in de­mand, which could help dip into the sup­ply lev­els.

PHO­TOS BY DENAE SPIERING

On Thurs­day, June 22, out­side Wawa on U.S. Route 50 in Eas­ton, cars and trucks were lined up at the fuel pumps wait­ing to take ad­van­tage of low­est gas prices since June 2005. Pic­tured: Mike Gold­berg of Sal­is­bury stops to take ad­van­tage of the low fuel prices.

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