Gas Prices Down 10 Cents from Last Week


0  Updated at 6:44 pm, June 25th, 2012 By: ABC Digital
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Comstock Images/Thinkstock(WASHINGTON) — The average price of a gallon of regular gas is $3.44, down nearly 10 cents from a week ago, according to the Department of Energy.  This price is also down nearly 14 cents from a year ago.

The most expensive gas in the country is on the West Coast, where the average price for a gallon of regular is $3.82, down 14 cents from a week ago.

The least expensive gas is on the Gulf Coast, with the average price for a gallon of regular at $3.20, down 7 cents from a week ago.

We will likely see even lower gas prices in coming weeks as the price of oil continues to fall.  Oil closed at $79.21 per barrel in New York trading today, down 55 cents for the day.  Oil is trading at levels last seen in the fall of 2011.

Copyright 2012 ABC News Radio

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