Gas down 35 cents in 30 days

AAA's daily survey down 1 cent, bringing national average to just above $3.76 a gallon.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

What "Issue #1" topic should be the priority of the new President?
  • Health care
  • High gas prices
  • Mortgage meltdown
  • Unemployment
Photos
Solving the energy crisis: You decide Solving the energy crisis: You decide Solving the energy crisis: You decide
As Americans grapple with record oil and gas prices, politicians facing angry voters have offered up a variety of solutions. Tell us what you think.

NEW YORK (CNNMoney.com) -- Another penny came off the national average price of gasoline Saturday, the 30th straight daily decline, bringing the total drop in the period to more than 35 cents a gallon.

The price of regular unleaded gasoline at the pump fell to $3.761 a gallon, according to the Daily Fuel Gauge Report from motorist advocacy group AAA and the Oil Price Information Service. The average is based on credit card swipes at 100,000 service stations.

Prices have fallen 8.6% since hitting a record high of $4.114 a gallon on July 16, mirroring a decline in crude futures.

However, gas prices were still just over $1, or 36.3%, higher than a year ago.

State prices: Gasoline exceeded $4 a galllon in five states, all in the West, according to the survey. Alaska had the highest prices at $4.557 a gallon, but that was down more than a nickel from the previous day. Hawaii is second at $4.445, followed by California at $4.062, Utah at $4.052 and Idaho at $4.023..

Missouri had the cheapest gas, with prices falling a half-cent to $3.52 a gallon. Prices in South Carolina were the second lowest at $3.54, followed by Oklahoma at $3.545, Tennessee at $3.57 and Arkansas at $3.582.

Ethanol: The price of E85, an 85% blend of corn-derived ethanol available to some vehicles, fell to $3.044 a gallon on average from $3.048, AAA reported.

Ethanol burns cleaner than gasoline but has a lower energy content and burns less efficiently in flex fuel vehicles. According to AAA's estimates, a vehicle that burns E85 would pay $4.006 a gallon to get the same mileage as gas.

Diesel: The average price for diesel fuel, which is used in most trucks and commercial vehicles, fell more than 2 cents to $4.421 a gallon from $4.445 the day before, according to AAA.

The price of diesel has risen more than 51% over the past 12 months. Because of its use in transporting goods, high priced diesel can help drive up the prices of products and services.

Drivers in Hawaii, the state with the most expensive diesel, paid an average of $5.35 a gallon for diesel. Diesel was cheapest in Missouri, where prices fell to an average of $4.146. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More


Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.