AAA Fuel Gauge Report: Gas Prices Falling Dramatically in Many States

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AAA Fuel Gauge Report: Gas Prices Falling Dramatically in Many States


WASHINGTON, D.C. -- Fuel prices continue to decline, with the national average price for a gallon of regular gasoline falling to $3.53 as of April 15, according to the AAA Fuel Gauge Report. This average is 7 cents less expensive than a week prior, 16 cents less than one month ago and 38 cents less than a year ago.

The national average has fallen for 12 consecutive days, as well as 41 of 47 days since the peak 2013 price to date of $3.79 on Feb 27.

Drivers across the United States are seeing relief, and every state but Idaho has a lower average price than the week prior. Only five states, including Idaho, are not paying less than they did one month ago.

However, prices have fallen dramatically in the states that are paying less. Forty states are paying at least 10 cents less than a month ago, seven states are paying at least 20 cents less, and Indiana and Ohio are paying at least 30 cents less.

Hawaii drivers still face the highest average gas prices, and the state is the only one to average more than $4 per gallon. This is the first time since Feb. 7 that only one state's average is above that threshold, AAA reported.

Although fuel prices have dropped steadily since late February, factors influencing the decline have changed since then, according to the report.

In March, many refineries completed seasonal maintenance and resumed normal operating schedules, helping to ease production concerns. In April, weak demand data, signs of economic weakness and sharp drops in oil prices contributed to the decline.