Almost two in five Americans (39%) say that gas prices are lower than they were this time last month, but there are sharp regional variations.
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Californians have to pay the highest gas prices when compared to the other states in recent weeks.
AAA Michigan says gas prices statewide have fallen by about 6 cents over the past week.
“Because so many of our biggest feeder markets are less than a tank of gas away, typically gas prices – whether up or down – don’t have a tremendous impact on in-state travel”, she said.
The EIA, which is part of the U.S. Energy Department, expects the decline in retail gasoline prices to continue this fall and through the remainder of this year, he said.
The lowest price in the Harrisburg area today is $2.36 a gallon – 10 cents a gallon lower than last week. “If that happens, and there are no supply issues, markets could see $2 a gallon gasoline this fall”. Checking in with the east coast, the Boston Globe reported a projected six cent drop for drivers in Massachusetts heading into the month of August.
According to the AAA’s latest gas survey, Nevadans have seen an 8-cent decrease since last month’s survey on July 14.
AAA reports a national average retail price for a gallon of gasoline for Tuesday at $2.58, down from the $2.59 for Monday and the $2.64 average one week ago. It all adds up to weak global demand, even as the U.S. motorists and boaters drink up more fuel. After a modest uptick earlier this year, gas prices are once again declining nationwide.
That’s partly because gas stations are required to sell a more expensive summer blend of gasoline through September 15 due to EPA rules requiring lower-volatility gasoline that produces less ground-level ozone in the summer.
Already in Albany, the price at many stations has dropped below $2.10.
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The oil price plunge continues to place downward pressure on prices at the pump, according to AAA: The Auto Club Group.
