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PITTSBURGH (KDKA) — The price on your local gas pump might still be hovering around $3 a gallon, but hang in there, it is about to go down.
Many gas stations in the Three Rivers region have already dropped and now just a little.
“I like the way things are dropping; they’re dropping a dime a week,” says Jeff Decker, the president of the Petroleum Dealers Association.
The recent decline in prices, Decker says, is a product of supply and demand.
“You call the terminals and they’re flooded. So they just drop the price, and drop the price,” he said.
Still, with prices in the local area hitting the $2.70s, it’s a far cry from the gas stations in nearby states that are in the low twos or even below $2 a gallon.
Decker says the reasons we’re so much higher is simple, “74 cents a gallon tax. Between the state and the federal government 74 cents!”
Decker also says Pittsburgh has been historically higher because we’re at the western end of the pipeline that brings the fuel across the state. The further it travels the more it costs.
Those in the business believe we may get down into the $2.50 to $2.75 range, but not much lower.