Gasoline prices continued to drop ahead of the Labor Day holiday weekend, recording their lowest national average in more than four months today.
The average price of regular unleaded gasoline nationwide was $2.79 a gallon today, down 5 cents from Tuesday, Aug. 29. Prices have dropped 21 cents a gallon compared with one month ago, according to AAA, of Hawthorne, Fla.
The average price today matches the national average on April 18.
The prices of midgrade and premium gasoline have fallen 6 cents a gallon from earlier this week. Midgrade was selling for an average of $2.96 a gallon today, while premium was selling for $3.07 - also matching the national averages recorded April 18.
Although diesel fuel rates are down, they aren't falling as quickly as gasoline prices. The national average for diesel was $3.08 a gallon today, a penny less than the average price Tuesday, Aug. 29.
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.
Crude oil prices have remained relatively steady this week. This morning a barrel of crude was trading at $70.35.
Drivers in Coronado, Calif., haven't seen much change at the pump and continue to pay the highest price found in the nation. One station there had regular unleaded selling for $3.59 a gallon. Meanwhile, in Hilliard, Ohio, drivers were paying $2.26 a gallon at one station, the lowest price found in the nation.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 407,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]