Average retail gasoline prices in have fallen 2.4 cents per gallon in the past week, averaging $2.20/g yesterday, according to GasBuddy's daily survey of 2,269 gas outlets in . This compares with the national average that has fallen 1.6 cents per gallon in the last week to $2.20/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in during the past week, prices yesterday were 62.9 cents per gallon lower than the same day one year ago and are 0.7 cents per gallon lower than a month ago. The national average has decreased 13.8 cents per gallon during the last month and stands 55.7 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on in have ranged widely over the last five years:
$2.83/g in , $3.55/g in , $3.54/g in , $3.30/g in and $3.34/g in .
Areas nearby and their current gas price climate:
Las Vegas- $2.51/g, down 1.2 cents per gallon from last week's $2.52/g.
Phoenix- $2.20/g, down 2.5 cents per gallon from last week's $2.23/g.
Tucson- $2.00/g, down 3.5 cents per gallon from last week's $2.04/g.
"Summer travel is up, and yet, gas prices continue to decline? We know that seems perplexing for many, but that's exactly what's happening and it all comes down to those most basic fundamentals; supply & demand," said Gregg Laskoski, senior petroleum analyst for GasBuddy.com.
"Despite fuel consumption near record levels, U.S. gasoline inventory recently reached the highest July level ever recorded (240.1 million bbl) and, concurrently, the national average has continued its consistent decline," he added.
For LIVE fuel price averages, visit http://media.gasbuddy.com.
GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.