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Gas Price Run Up Eases

By Joe Benton
ConsumerAffairs.com

August 15, 2006
Gasoline prices are now declining ever so slightly, according to the AAA Fuel Gauge. The decrease comes just as the average national price for a gallon of regular self-serve gasoline was closing in on the record high of $3.05.

The average price of regular unleaded gasoline is $2.997 a gallon, just a fraction of a penny under $3. One month ago a gallon of regular sold for an average of $2.96, according to AAA. One year ago a gallon of regular self serve cost $2.48.

Regular gasoline is selling for $3 a gallon or more in 25 states and the District of Columbia but that is a decrease of four states where gas is selling for an average price of $3 or more.

Midgrade and premium prices have dropped 4 cents a gallon from four days ago. Midgrade is selling for an average of $3.18 gallon, while premium is selling for $3.30 a gallon.

The most expensive gallon of regular unleaded gasoline in found in Needles, California where one station is charging $3.79. In Georgetown, South Carolina a gallon of regular unleaded costs as little as $2.39. That is the lowest price in the country.

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