Gasoline prices fell overnight, settling Tuesday to approach the lowest level in roughly three years, according to the American Automobile Association.
The national average price for a gallon of regular gas fell to $2.629, down 3.9 cents from the day before, according to AAA's Daily Fuel Gauge Report.
The last time gas was this low was Oct. 24, 2005 at $2.6237 a gallon. ...
Gas is down 36.1%, or $1.485, from the record-high price of $4.114 that AAA reported in mid-July. Gas is down 28.07%, or $1.026, from the month ago average.
On Oct. 18, the average price dropped below $3 a gallon for the first time in nearly nine months. ...
Demand for gas is dropping, as Americans drive less and consume less gas compared to last year.
Wednesday, October 29, 2008
Gas prices hit 3-year low yesterday
The national average was $2.63 per gallon yesterday: