Map Shows Where Gas Prices Are Falling as Average Dips Below $4
Summary
The national average price for regular gasoline fell below $4 per gallon, with the Energy Information Administration reporting $3.995 on Monday and AAA reporting $3.979 on Tuesday. Lower crude oil prices, seasonal demand changes and the switch to winter fuel blends contributed to the decline; an analyst said some stations in at least 14 states could reach prices below $3 by Thanksgiving.Key Facts
- The EIA’s Monday national average was 16 cents lower than a week earlier but nearly $1 higher than a year earlier.
- AAA’s Tuesday average was down from $4.149 a week earlier and $4.367 a month earlier, but up from $3.071 a year earlier.
- California had the highest statewide average, at $5.71 per gallon; Hawaii averaged $5.63 and Nevada $5.04.
- North Carolina had the lowest statewide average, at $3.23 per gallon.
- Gas prices were below $5 per gallon in Washington, averaging $4.98 on Tuesday.
- Analyst Patrick De Haan said some stations in at least 14 states could offer gas below $3 per gallon on Thanksgiving.
- The article attributes the decline to lower crude oil prices, the usual post-summer drop in demand and the move to a cheaper winter fuel blend.
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