The national average for a gallon of gas has met a level not seen since March.
Shutterstock photo.
(Washington, D.C.) – The national average price for a gallon of gas has fallen to a level not seen since the beginning of March.
According to AAA, the national average price for a gallon of unleaded gas fell seven cents in the past week to $3.71 – down from $3.96 a month ago.
“Less expensive oil usually leads to less expensive gas for drivers,” said Andrew Gross, AAA spokesperson. “This trend has helped pump prices fall steadily for three straight months and, with fall approaching, more markets could soon see prices below $3 per gallon.”
As of Tuesday morning, crude oil is trading at $87.24 per barrel. Oil prices have been on a steady decline since June when the cost per barrel exceeded $122.
Kentucky currently ranks as the 11th least expensive state to buy gas with an average price of $3.33 per gallon.
In Ohio, motorists are paying on average $3.51 at the pump, while Indiana’s average price is above the national average at $3.77 per gallon.
Although gasoline demand has increased slightly over the past week, lower oil prices have led to falling pump prices. If gasoline demand begins to subside, as it typically does post-Labor Day with the end of summer driving, pump prices will likely continue to decrease, according to AAA.
Learn more at https://gasprices.aaa.com/.
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