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PRESS RELEASE / ANNOUNCEMENTS Monday, May 6, 2013

Santa Barbara Weekly Gas Price Update and Outlook

Santa Barbara, May 6- Average retail gasoline prices in Santa Barbara have not moved in the past week, averaging $4.05/g yesterday, according to GasBuddy's daily survey of 56 gas outlets in Santa Barbara. This


This compares with the national average that has increased 1 cent per gallon in the last week to $3.51/g, according to gasoline price website http://www.GasBuddy.com.

Including the change in gas prices in Santa Barbara during the past week, prices yesterday were 21.7 cents per gallon lower than the same day one year ago and are 12.0 cents per gallon lower than a month ago. The national average has decreased 7.8 cents per gallon during the last month and stands 26.8 cents per gallon lower than this day one year ago.

The national average has begun to tip-toe higher in the last week, led by states in the Great Lakes and West Coast where gasoline prices have crept up considerably in some areas over the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices have rebounded, and with the recent strength in stocks trickling over to commodities, I do expect retail gasoline prices to inch up in the weeks ahead. The biggest increases will be along the West Coast where gasoline supply remains at an ultra-tight status, but prices will also increase in many other areas, led higher by the rally in crude prices we’ve witnessed in the last week,” DeHaan said.

About GasBuddy

GasBuddy operates SantaBarbaraGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.

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