Tuesday, July 22, 2014

Gas Prices Leveling Off

Since most Americans tend to drive more in the summer, gas prices tend to go up in the summer as well. But this year has been a little different. After reaching a peak in late April, the price of a gallon of gas has actually been declining nationwide.

Nationwide, the highest that gas has been this year was $3.70 a gallon, a price that was recorded on  April 27. Since then, the national average price has dropped by just under 4 percent, to its current level of $3.57.

Gas prices reached their all-time high in July of 2008, at a national average of $4.11. After dropping off the next couple of years to less than $3.00 a gallon, the summer price has been right around where it is now each of the past four years.

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