The national average retail gasoline price has fallen 5.9 cents per gallon in the last week to $3.46 per gallon, according to gasoline price website GasBuddy.com.
The national average has decreased 20.3 cents per gallon during the last month and stands 73.3 cents per gallon higher than one year ago.
"Motorists are certainly delighted that average gasoline prices are at their lowest since early March, but compared to prices a year ago, motorists are still feeling a pinch at the pump," said Patrick DeHaan, GasBuddy.com senior petroleum analyst. "It's great to see gasoline prices falling, but at the same time, prices a year ago were nearly 75 cents less per gallon. The good news is that over the upcoming weeks, there will continue to be factors that could put more downward pressure on oil and gasoline prices. I continue to expect that average gasoline prices will bounce between $3.25-$3.50 for much of the rest of 2011.”
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