Gas prices pull back further

Prices for gasoline, diesel and ethanol extend decline, according to AAA survey.

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NEW YORK (CNNMoney.com) -- Prices at the pump continued to fall overnight, a nationwide survey of gas station credit card swipes showed Monday.

Regular: Regular unleaded fell to $4.069 a gallon, down from $4.077 the previous day, according to a daily survey from motorist advocacy group AAA.

In the past year, gas prices have risen more than 36%, causing Americans to cut back on travel and spend less in other areas so they can fill up their gas tanks.

Ethanol: The price of E85 ethanol, which is made from corn and other crops, fell to $3.298 a gallon on average.

While ethanol is derived from renewable sources, it is also less efficient than gasoline. As a result, E85 costs about $4.34 per gallon to get the same mileage as gas as of Monday, the AAA survey showed.

Diesel: The average price of diesel fuel, which is used to power most trucks and commercial vehicles, fell a penny to $4.818 a gallon from $4.828, according to AAA.

Diesel remains more than 63% higher than last year when it was cheaper than gas.

State prices: Gas prices in Alaska, the state with the highest prices, fell to $4.666 a gallon from $4.674 the day before. Hawaii, the state with the second highest prices, saw prices fall to $4.461. California prices fell a penny to $4.444 on average.

Drivers in Oklahoma paid the least for gas at $3.862 a gallon. Missouri was the next cheapest state for gas with drivers paying $3.874 on average, followed by South Carolina at $3.878.

Hawaii had the highest diesel prices at $5.365 a gallon, while diesel was cheapest in Oklahoma at $4.626.

The AAA survey averages credit card swipes at 85,000 fuel stations around the country. To top of page

Gas continues to sell at to record levels. Are you feeling the pinch? Tell us how gas prices are affecting you and what you're doing to cope. Send us your photos and videos, or email us to share your story.
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