Gas prices down 11% from high

Prices drop for 11th day in a row, according to AAA, as oil prices continue fall.

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)

NEW YORK (CNNMoney.com) -- Gas prices dropped for their eleventh day in a row, bringing their total decline to about 20 cents over the period, according to a nationwide survey of credit card swipes at gasoline stations.

The average price of unleaded regular dropped a further 1.2 cents to $3.655 a gallon, from $3.667 a gallon, according to the survey released Sunday by motorist group AAA.

Prices have dropped dramatically from mid-summer's highs and are now almost 11%, or 46 cents, less than the record of $4.114 a gallon set on July 17.

Prices have stayed below the key $4 level for some time now, but they still remain higher from a year ago.

Current prices are about 85 cents, or 30%, higher from last year, when gas was selling for $2.81 a gallon.

Prices for gasoline also tend to follow oil prices, which had been moving lower since mid-July amid weakening demand. Crude prices have dropped some 26% from their record settlement of $145.29 a barrel nearly two months ago.

Only two states continued to report gas prices above $4 a gallon: Alaska and Hawaii, according to AAA.

Alaska continued to be the state with the most expensive gas prices, at $4.285 a gallon. Oklahoma had the cheapest gas prices, at $3.36 a gallon. 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
Sponsors

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.