Gasoline prices continue to drop, today posting their lowest national average in more than four months.
The national average price of regular unleaded gasoline was $2.84 a gallon today, down 5 cents from Friday, Aug. 25. Today's average price is down 8 cents a gallon from one week ago and 17 cents a gallon from one month ago, according to AAA, of Hawthorne, Fla.
Today's national average is at its lowest level since April.
One year ago, regular unleaded was selling for $2.60 a gallon as Hurricane Katrina slammed the U.S. Gulf Coast. One week later, the average price of gasoline reached its all-time high -- $3.06 a gallon.
Today, midgrade gasoline was selling for an average of $3.02 a gallon, while premium gasoline was averaging $3.13 a gallon. Both prices also are down 5 cents a gallon from Friday, Aug. 25.
Although diesel fuel prices are down, they aren't seeing the same rapid decrease as other gasoline grades. A gallon of diesel fuel was selling for an average of $3.09 a gallon today, 1 cent lower than four days ago.
AAA's Daily Fuel Gauge Report gathers data from as many as 85,000 filling stations nationwide and posts its findings on www.fuelgaugereport.com.
A barrel of crude oil dipped below $70 a gallon this morning, trading at $69.76.
In Kahului, Hawaii, drivers were paying the highest price found in the nation. One station had regular unleaded gasoline selling for $3.62 a gallon, 78 cents higher than the national average. Meanwhile, in Englewood, Ohio, one station was selling gasoline for $2.31 a gallon -- the lowest price found in the nation.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 435,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]