The average price has dropped 49 consecutive days and 75 of the past 78, decreasing $1.22, including one cent on Thursday, according to figures from the AAA and Oil Price Information Service.
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“Falling averages are often the trend at this time of year due to a decline in driving and the switchover to winter-blend gasoline”.
Michigan’s current statewide average is about $2.52 per gallon, about 9 cents more than last week’s average and about 76 cents less than this same time a year ago.
This fall’s refinery maintenance season is expected to be heavier than in years past because refineries ran at such high rates during the summer.
Although almost one-third of the travelers will be flying, three of every five travelers in the survey said the low price of gasoline makes a auto trip more likely than it was a year ago.
More refineries than typical have scheduled maintenance for the next few weeks.
“Our fuel prices are driven by the news of the day so if things suddenly escalate or spiral out of control in the Middle East, we could see an uptick in prices”.
The Orange County average price dropped today to its lowest amount since February 21, decreasing 1.4 cents to $3.007. At $2.29, the average price of regular is $1.05 less than on October. 1, 2014, and premium gas is 93 cents cheaper at $2.79.
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This marks the 15th straight week that pump prices have fallen in New Jersey.
