Gas Falls Below $2.50, Cheapest in More Than a Month

AAA says national average lowest since early November, but 30 cents more than a year ago.

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Americans are paying less at the pump than a month ago, with the national gas price average at $2.48.

Across the country, prices at the pump have been in steady decline during the last two weeks, with today's price three cents less than a week ago, four cents below a month ago and 30 cents more than a year ago, AAA said Tuesday.

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“Cheaper winter gas prices are being seen for the bulk of the country as gasoline demand hits the lowest mark since February,” Jeanette Casselano, AAA spokesperson, noted in a release. “On the week, 90 percent of states saw their gas price average drop – some even by double digits.”

Falling gas prices mirror the Energy Information Administration's latest gasoline demand report, and data coming Wednesday should shed light on whether the decline is a trend, AAA said.

AAA

States with the largest monthly price changes include Indiana, down 40 cents, followed by a 34-cent drop in Ohio, a 30-cent decline in Michigan, and Illinois, where pump prices fell 29 cents. In Wisconsin, prices were down 18 cents; in Alaska, they rose 14 cents and in Missouri prices declined 14 cents.

AAA

The biggest yearly price change came in Alaska, where gas is up 62 cents, followed by a 50-cent increase in California, and a 48-cent rise in Colorado. Prices increased 43 cents during the year in Montana, Wyoming, Hawaii and North Dakota, the AAA said.

AAA