Driving enthusiasts rejoice as the average price of a gallon of gasoline in the United States has fallen 46 cents over the past two months. In fact, it dropped ten scents over the past three weeks. Given the downward trend, experts speculate the prices to continue falling in the future.
Despite the welcomed drop, the national average still remains 8 cents higher than it was last year. According to a Sunday report from the Lundberg Survey of fuel prices, the national average price of regular is now $3.38 while the national average for premium is $3.69. What's more, even diesel has dipped slightly to $4.02 a gallon.
Of the continental 48 states, Memphis, Tennessee, has the lowest prices at $3.04 per gallon regular while New York has the highest at $3.85.
According to Lundberg Survey publisher Trilby Lundberg, "This has been a true price crash, This crash began back when refining problems around the country were being fixed, one after the other, at the same time that our seasonal gasoline demand was shrinking.
"Somewhat lower crude oil prices, refinery problems being reduced and resolved one after the other and demand coming down as it always does in the winter combined to create this drop. I'm expecting further drops at the pump, maybe as much as another dime."
To learn more about the trends in national average gas prices, visit the Lundberg Survey.
