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NEW YORK (CNN/Money) -
Gasoline prices edged lower Friday, with the price of regular unleaded gasoline falling by more than a penny, according to AAA's daily fuel gauge report.
The nationwide average price for a gallon of regular unleaded gasoline fell to $3.018, just over one cent less than Thursday's price of $3.03, the travel club reported.
The price has dropped nearly 4 cents a gallon since hitting a record of $3.057 on Monday, according to AAA, formerly the American Automobile Association.
A year ago Thursday, a gallon of unleaded gasoline cost $1.841.
Oil and gasoline prices, rising for much of the past year, spiked higher last week after Hurricane Katrina slammed into the Gulf Coast, shutting oil production and refining facilities.
But energy prices have fallen this week as some oil production and refining restarted in the Gulf, and a pipeline began shipping gasoline to the Eastern seaboard.
In addition, gasoline demand typically falls off after Labor Day as the holiday marks the end of the summer driving season.
Higher-grade fuel mirrored regular unleaded, with the average price for a gallon of premium falling to $3.321 from $3.334, AAA reported.
Mississippi showed the lowest nationwide average pump price for a gallon of gasoline with regular unleaded at $2.711.
The most expensive place among the 50 states and the District of Columbia is the nation's capital, with the average price at $3.337 a gallon, the motorist's group said.
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$3 gasoline may be here to stay. Click here for more.
How are states looking to help ease drivers' gas pains? Click here.
Plus: thousands of gouging complaints filed. Here's the full story.
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