Now That You’re Done With Your Summer Travels, Gas Prices Are Lower Than Last Year’s
According to the U.S. Energy Information Administration, the average price per gallon currently sits at $3.55, $.13 lower than this summer’s peak in late July. In 2012, gas prices actually dipped during the middle of the summer, reaching around $3.40/gallon, but then began rising quickly in August. So between the current, somewhat flattened price, and last year’s rapid increase, folks getting out for one last road trip this International Bacon Day weekend are paying $.19 less per gallon on average than they did a year ago, and $.03 less than during the same time period in 2011.
Of course, GasBuddy.com’s historic chart of the last ten years of prices shows just how much prices have soared (and briefly, mercifully sank in 2009) since 2003.
It should be pointed out that we’re only talking about the national average gas price here, as retail prices vary widely depending on where you are. Many densely populated parts of the country, including New York and Connecticut, some major metro areas in the Great Lake states, and the California coast, are generally paying above the national average. Meanwhile, the areas where you’re most likely to find prices below the national average includes the cluster of Louisiana, Mississippi, Alabama, Arkansas, Tennessee and Missouri, along with South Carolina, Virginia, Texas, and parts of the Southwest.
Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.