Main Street Report

Latest Gas Price Averages

According to the AAA Daily Fuel Gauge Report, here's the latest numbers:

• Nat'l average, Regular:  $3.871
• Nat'l average, Mid Grade:  $4.037
• Nat'l average, Premium:  $4.159

Pump prices continue to inch lower, thanks to the crude oil retreat.  But it's interesting to note that gas prices don't follow the crude drop, in percentage terms, on a similar timeline.  Gas station owners are still pumping fuel that they purchased on the wholesale market when crude was 10 to 20 dollars a barrel higher, so they're reluctant to sell that higher priced fuel at a loss.  But if oil continues to drift lower, pump prices will eventually catch up, and that could mean three dollar a gallon gas - or lower - again.

Pump Prices Continue to Fall

Gasoline prices continued to head lower over the weekend, the national average for a gallon of regular unleaded gas is $3.89, fractionally lower than Friday according to AAA's Daily Fuel Gauge Report.  That's a drop of 20 cents over the past month.  I paid $3.65 a gallon filling up Saturday, down some 30 cents in my area of the past several weeks.