Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Gas drops 4 cents a gallon

Nationwide average in AAA survey nears $3.40 a gallon. Oklahoma dips below $3.

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 will it take to get global markets back on track?
  • A bigger, coordinated rate cut by central banks
  • Regulatory changes
  • Another stimulus package
  • Time

NEW YORK (CNNMoney.com) -- Gasoline prices fell more than 4 cents a gallon Thursday, according to a daily survey, as the economic crisis continues to weigh on consumer demand.

The average price of unleaded regular fell to $3.403 a gallon nationwide, down 4.4 cents from $3.447 Wednesday, according to the Daily Fuel Gauge Report issued by motorist group AAA.

The price has tumbled more than 71 cents, more than 17% below the record $4.114 set July 17. It's down nearly 25 cents from a month ago, but up almost 64 cents from a year earlier.

The average price fell below $3 a gallon in Oklahoma, where it is now $2.987. Oklahoma is the only state below $3, with Kansas closest at $3.034.

Gasoline is highest in Alaska, at $4.165 a gallon, with Hawaii - at $4.107 - the only other state above $4 a gallon.

The survey is conducted for AAA by Oil Price Information Service from credit card swipes at more than 85,000 service stations nationwide. 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
Google's logos through the years Google changed its logo for the fifth time in 17 years this week. Here's what the old ones looked like. More
How much you should have saved for retirement right now Joe is 50 years old and makes $70,000 a year. He should already have $364,000 saved for retirement. Are you on track? More
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
Sponsors