Complain about a product or service

Gasoline Drops Below $3.90 a Gallon

15 days of price declines

By Joe Benton
ConsumerAffairs.com

August 1, 2008

• OPEC Unable to Stop Gas Prices' Slide • Give Thanks for Falling Gas Prices • Gas Prices Fall Below $2 a Gallon • Oil and Gas Supplies Rise • Gas Prices Accelerate Their Decline • Gasoline Prices Down 19 Cents in a Week • Charlotte Gas Stations Make Refunds to Consumers • Oil Snaps Back As Markets Sense Post-Election Bounce • Gas Prices Settle Still Lower for Weekend • Gasoline Prices Keep Falling • Gas Below $3 Nationwide • Average Gas Price Down to Nearly $3 a Gallon • Gas Prices Drop, Along With Oil • Gas Prices Head Lower as Economy Slows • Gas Price Declines for 9 Days • Gas Prices Continue Downward Trend • Oil Prices Surge By Record $25 a Barrel • Gas Prices Drop for 5 Days • Price-Gouging Probes Spread to 6 States • Investigations of $5 Gas in North Carolina, Florida, and Virginia • Shortages, Price Hikes Follow Ike in Southeast • States Investigate Gasoline Price Gouging Claims • Pumping More U.S. Oil Won't Lower Prices, Consumer Group Says • Oil Prices Fall, Gas Prices Surge • Gas Prices Slide 8 Percent from Record --- • More ...

The national average price of a gallon of regular gasoline dropped to $3.89, marking 15 consecutive days of declines. The new price is 21 cents less than the record of $4.11 set July 17.

Regular gasoline now sells for less that $4 a gallon in 40 states, according to the AAA Fuel Gauge Report.

The average price of mid-grade gasoline is $4.06 and premium sells for $4.18 a gallon. Diesel fuel now sells for $4.68, down from $4.69 the previous day, according to AAA.

The record for diesel prices was $4.84, set July 17. Diesel prices have climbed more than 58 percent in the past year.

Gasoline in Alaska is the most expensive in the country, averaging $4.64 a gallon. Consumers in Oklahoma find the cheapest gas in the country at $3.62. Minnesota drivers are not far behind and can buy gasoline for $3.65 a gallon, followed by Missouri at $3.66.

Here is a look at gasoline prices from around the country in the ConsumerAffairs.com Gas Price Round Up:

California: Gasoline prices are down across the state, averaging $4.24 a gallon, 35 cents less than the record set in California June 19. The average price has fallen for six consecutive weeks but remains $1.20 above last year.

The price of a gallon of self-serve regular gasoline in Southern California fell more than 12 cents this week. Regular self serve sells for $4.26 in Los Angeles.

"We've experienced several weeks in Southern California where gas prices shot up by two cents a day but this is the only time we know of when they've plunged by about two cents daily for a week in a row," said AAA spokesman Jeffrey Spring. "Lower demand and consumers shopping around for the best gas prices have helped play a role," Spring said.

Regular gasoline sells for an average price of $4.41 in San Francisco and $4.31 in Santa Barbara.

Texas: For the second week in a row, gasoline prices fell significantly in Texas, according to the AAA Texas Weekend Gas Watch.

The average price for a gallon of gas in the state is now $3.81 a gallon, down nearly 11 cents in one week and 18 cents in two weeks. Prices across Texas are more than a dollar a gallon higher than they were one year ago.

Drivers in Corpus Christi enjoy the cheapest gasoline prices at $3.75 a gallon. Motorists in El Paso pay the highest price for gasoline at $3.86 a gallon.

Florida: Gasoline prices in the state have receded from the record high set July 16 to an average price of $3.913 a gallon.

Regular self-serve sells for $4.39 in Miami, $3.90 in Daytona Beach and $4.87 in Orlando.

South Carolina: Average gas prices fell to $3.715 across the state.

The average price of a gallon of unleaded regular gasoline in the Upstate dropped to $3.65. A month ago, gas across the region averaged $3.82 a gallon, and a year ago it was an average of $2.62 a gallon.

Report Your Experience
If you've had a bad experience -- or a good one -- with a consumer product or service, we'd like to hear about it. All complaints are reviewed by class action attorneys and are considered for publication on our site. Knowledge is power! Help spread the word. File your consumer report now.

Back to the top |