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Gas Prices Pull Back Slowly

Still above $4 in 25 states and D.C.

By Joe Benton
ConsumerAffairs.com

July 24, 2008

• Labor Day Gas Prices Up a Penny • Gas Prices Fall for 37 Days • Gas Prices Slide 8 Percent from Record • Gas Prices Creep Down • Oil Price Trend May Be Good News For Consumers • Gasoline Drops Below $3.90 a Gallon • Gas Prices Pull Back Slowly • Oil Prices Fall As Storm Misses Rigs • Latest Gas Price Round-Up • 'Run Your Car On Water' Scheme Could Leave Consumers All Wet • Unregulated Energy Trading Blamed for Much of Gas Price Gusher • Airlines Join Effort To Limit Oil Speculators • Questions Raised about MyGallons.com • 'Hypermiling' Is Dangerous, Says AAA • Struggling Drivers Blame Washington for High Gas Prices • What’s Really Fueling Those Sky-High Oil Prices • Credit Card Fees at the Pump are a 'Hidden Tax' on Consumers • Survey: 3 Out of 4 Angry About High Gas Prices • $2 A Gallon Gas Possible, Analysts Tell Congress • Speculators Buy More Oil Contracts Than Oil Companies • Saudis to Pump More Oil • Limiting Oil Speculators Gains Ground • Congress To Probe Oil Price Spike • Oil Market 'Saturated,' Iran Claims • Feds See No Relief from High Gas Prices • High Gas Prices Could Mean Lower Insurance Rates • High Gas Prices Good For Kia, Honda • Gas Prices Rip Past $4 and Keep Climbing • Administration, OPEC See Different Causes Of Oil Surge • Feds Probing Possible Oil Market Manipulation • Beware of Fuel Sippers Sipping High-Test • Retailers Respond to High Gas Prices with Discounts, Promotions • Rushing Into a Smaller Car Too Soon May Not Save Money • Hybrid Sales and Prices Climb in Lockstep with Gas Prices • Truckers Bemoan Burden of High Diesel Costs • Gas Prices Biting into Worker Productivity • Consumers Warned About Gas-Saving Schemes • Is Tony Soprano Controlling Gas Prices? • Oil & Gas: The New Bubble • Critics: New Federal Gas Mileage Standard Falls Short • Consumers Feeling Pain of Skyrocketing Gas Prices • New Gas Price Record Forecasts Expensive Summer Driving Season --- • More ...

Gasoline prices are moving back toward $4 a gallon, dropping for 7 consecutive days from the record of $4.11 set earlier in the month on July 17.

Even with the drop in price, regular gasoline has increased more than 36 percent since last summer and now sells above $4 a gallon in 25 states and the District of Columbia.

The average for regular unleaded gas is now $4.026 a gallon, down more than 1.5 cents in just one day. Last month regular gasoline sold for $4.06 and one year ago a gallon cost $2.94.

Mid-grade gasoline sells for an average price of $4.25 throughout the country. Premium sells for $4.41 a gallon

Diesel as fallen back from the record price of $4.84 et July 17 and now costs $4.78 a gallon. Nevertheless, the price of diesel fuel is more than 60 percent higher than one year ago.

The most expensive average gasoline prices are found in Alaska at $4.69 a gallon, according to the AAA Fuel Gauge Report. Consumers in Oklahoma pay $3.79 for regular self-serve.

The ConsumerAffairs.com Gas Price Round Up

California: Average gasoline prices have fallen off the record of $4.61 set June 19. Regular self-serve now sells for an average of $4.396 in California. Regular gasoline sells for $4.50 a gallon in San Francisco, $4.41 a gallon in Los Angeles, $4.36 a gallon is San Diego and $4.506 in Santa Barbara.

Texas: The price of regular gasoline continued down in Texas and now sells for an average price of $3.91 a gallon. Regular sells for $3.86 in Corpus Christi, $3.91 in Dallas and $3.89 in Houston.

Florida: The average price of a gallon of regular gasoline in the Sunshine state is now $4.017. Regular sells for $4.09 in Miami, $4.05 in Daytona Beach and $3.95 in Orlando.

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