Gas Prices Drop
March 7, 2012 by staff
Gas Prices Drop, The average price of a gallon of regular gasoline at the pump fell Tuesday for the first time in 39 days, according to a new survey of prices.
On Tuesday, the average price of regular gasoline fell to $3.76 a gallon, down from $3.77 a day earlier, according to data from AAA’s Daily Fuel Gauge Report.
Prices have been climbing every day since Jan. 26, when they stood at $3.38 a gallon.
Gasoline prices are still up nearly 29 cents from a month ago and almost 26 cents above a year ago, the data show.
Tom Kloza, chief oilanlyst at the Oil Price Information Service (OPIS), which compiles the data for AAA, said he expects “flat choppy prices through the week.”
“I still believe in my heart of hearts that $4.50-$5 a gallon average prices are bunk, hyperbole, or a pipe dream for some investors. I am maintaining my view that the national average peaks at between $3.75 and $4.25 a gallon,” he said.
Please feel free to send if you have any questions regarding this post , you can contact on
Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.