U.S. gasoline prices continue to drop

Sept. 23, 2013 at 7:25 AM

WASHINGTON, Sept. 23 (UPI) -- Motor group AAA reports Monday the national price for a gallon of regular unleaded gasoline was $3.47, the lowest since February

The national average price for a gallon of regular unleaded gasoline Monday, about 4 cents less than one week ago and 34 cents lower than the same time last year. AAA reports a national average of around $3.66 for February, one of the lowest averages for the year

Prices across the United States begin to decline after the Labor Day holiday in September because refiners switch to a less expensive winter blend of gasoline and fewer people take lengthy road trips.

Major crude oil indexes held slightly above the $100 per barrel mark though they've declined because of higher oil production from Libya.

The U.S. Energy Department said it expects retail prices to average $3.44 per gallon for the rest of the year.

AAA said Sept. 17 marked the 1,000th consecutive day the national average price for gasoline held above the $3 per gallon mark. For a national average, the motor group said gasoline prices may never be that low again.

Related UPI Stories
Latest Headlines
Trending Stories
One arrested after Philadelphia college lockdown
Boehner delays House vote for new speaker
NASA releases thousands of Apollo mission photos on Flickr
Snowden: U.S. won't respond to offers to serve prison time
FDA approves new treatment for advanced lung cancer