Gas Prices Continue Decline Through Summer Driving Season - East Idaho News
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Gas Prices Continue Decline Through Summer Driving Season

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GETTY 072914 gaspump?  SQUARESPACE CACHEVERSION=1406641752313iStock/Thinsktock(WASHINGTON) — For many Americans, a long distance car trip is a cheaper option than flying as gas prices are falling quickly across the country.

The U.S. Energy Department says the average price of regular gas fell 5 cents a gallon last week to a nationwide average of $3.54.

For Midwesterners, prices are down 8 cents, while Californians, for the first time in months, are paying less than $4 a gallon for regular unleaded gas.

One expert says these late season low prices are rare.

“You know it’s something that’s relatively rare to see a price decline go this late into the summer months,” says senior GasBuddy analyst Patrick DeHaan.

But DeHaan adds that the U.S. is producing more oil and getting it from other sources.

He says this is good news “as long as we don’t see a hurricane enter the Gulf.”


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