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Wednesday, June 18, 2008
Gas Prices Fall for Second Consecutive Day
FOXBusiness
For the second day in a row, gas prices nation wide have ticked down. The decrease isn’t much, but it’s enough to give motorists hope that more could be on the horizon.
The average per-gallon price stands at $4.075 for regular unleaded, according to AAA’s Daily Fuel Gauge Report. This is down from an all-time high of $4.080 on Monday, June 16.
Even though this is good news, gas prices are up more than 7% from where they were just a month ago, when prices were $3.794 a gallon. Prices are up approximately 35% from where they were one year prior.
States where the drop in prices has produced the best deal are Missouri and Oklahoma, where prices per gallon are $3.831 and $3.842 respectively.
States with the highest prices are California and Alaska at $4.607 and $4.463.
Prices for diesel are also down slightly, to $4.794 from an all time Monday high of $4.797. Diesel averaged $2.891 one year ago.
The decrease in gas prices is attributed to the decline in crude oil price, which fell below $134 per barrel in pre-market trading this morning.
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