The price for a gallon of regular unleaded gasoline has dropped to an average of $1.80 nationwide according to the American Automobile Association (AAA). That’s the 77th consecutive day that the average price has fallen.
Only three states are still selling gas at an average above the $2 mark, Alaska ($2.763), Hawaii ($2.654) and New York ($2.166), according to the report.
The price of diesel fuel has fallen 44 percent since its peak in July of $4.84, and now stands at $2.74 a gallon. Being that most commercial vehicles and trucks use diesel, it should help immensely in reducing the cost of shipping around the nation.
AAA reported that the price of E85, an 85% ethanol blend made primarily from corn, rose 1.2 cents to $1.566 a gallon on average from $1.554.
The figures are gleaned from information from credit card swipes in up to 100,000 gas stations nationwide.
Samuel R. Avro is the founder and Editor-In-Chief of Consumer Energy Report. Sam believes that a lot more can be done about the energy problem the world is currently facing. First and foremost, the public must be made aware of all the available options. He firmly believes that the most realistic method of achieving this on a large-scale basis is to report the news for the public to read and discuss. When he isn't too busy covering the energy industry, as a New York area resident, Sam is always willing to take part in a discussion about his World Champion New York Yankees. Motto: Dissemination of information is the key!