US retail gasoline prices drop, only one state above $4/gal

16 April 2013 16:15  [Source: ICIS news]

HOUSTON (ICIS)--The national average price for a gallon of regular gasoline in the US has fallen to $3.53, which is 7 cents/gal less than one week ago and 38 cents/gal less than the same time period one year ago, automobile organisation AAA said in its Fuel Gauge Report on Tuesday.

The national average has fallen 41 out of 47 days since the current 2013 peak price of $3.79/gal on 27 February.

According to AAA, Hawaii is the only state to average more than $4/gal, which is the first time since 7 February that only one state had an average above this level.

“Retail gas prices have dropped steadily since the end of February, however the factors pressuring prices lower have changed during this decline,” said AAA’s Michael Green. “Prices fell to begin March as many refineries resumed normal operations following the completion of seasonal maintenance and production concerns eased.”

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By: Anna Matherne
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