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Gas prices continue to fall, according to AAA

According to AAA:

Today’s national average price for a gallon of regular unleaded gasoline is $3.44. This price is three cents less expensive than one week ago and 36 cents less expensive than one month ago. For nearly three months the national average has been the highest on record each calendar day, however that gap has almost disappeared. One month ago the national average exceeded the previous record for that day, also set in 2011, by more than 30 cents. Today it is less than a penny and may fall below last year’s price before the end of the week.

The national average reached a recent peak of $3.87 per gallon on September 14, the day before the many parts of the country made the seasonal switch from summer- to winter-blend gasoline. Since that peak, the price has fallen 43 cents, including 31 of the past 32 days as lower crude oil prices, reduced demand, and economic growth concerns have pressured pump prices lower. Every state and Washington, D.C. has a price today that is lower than mid-September, and in many cases the price is much lower. However, nine states (Ill., Ind., Kent., Mich., Minn., New Jersey, New York, Ohio, and Wisc.) have seen prices rise in the last week.

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