NEWS RELEASES
National Gas Price Average Drops Seven Cents
Editor's Note: This news item was retrieved and first published through AAA Newsroom's website.
AAA Newsroom reports on the current national average of retail gas, which is $2.74, seven-cents cheaper than last week, 13-cents less than a month ago and 18 cents cheaper than a year ago. The nation’s top 10 largest weekly decreases are: Ohio (21 cents), Indiana (17 cents), Michigan (15 cents), Illinois (11 cents), Kentucky (10 cents), Oklahoma (9 cents), Maine (8 cents), Wisconsin (8 cents), Nebraska (8 cents) and South Carolina (7 cents).
According to the AAA press release, “Refinery utilization in the United States is at its highest level since early January, resulting in overall gasoline stocks at healthy levels to meet robust summer demand. Prices are dropping due to cheaper crude oil and at the same time U.S. supply is keeping pace with demand,” said Jeanette Casselano, AAA spokesperson. “The national average is poised to fall to at least $2.70 this week – an indication that pump prices may be even cheaper this summer.”
Read more on detailed prices and regions that are most affected, go here.