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.
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.
“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.
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.
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.
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