Gas prices lowest in 100 days

Published 12:00 am Thursday, August 4, 2016

Gas prices across the nation have reached the lowest point in 100 days.

Nationally, prices have fallen 25 cents per gallon in the past 51 days.

The national average is $2.13 per gallon and the lowest price for this date since 2004, according to AAA.

As of Aug. 1, AAA reports that more than 40 percent of gas stations nationwide were selling gasoline for $2 per gallon or less, compared to just a handful last year during the same timeframe.

“I think we can expect a slow and steady decline in prices throughout the rest of the year,” said AAA Alabama spokesperson Clay Ingram. “Our demand has already started its usual decline as many schools are about to start back and most people have their summer vacations behind them. While our demand starts to shrink, our supply is very strong, so we should see prices decline through the coming months.”

According to AAA, the national average for a gallon of gas was $2.65 this time last year. In Alabama, the state average was $2.26 per gallon.

The current average is $1.87 per gallon. It was $2.05 per gallon a month ago.

Locally, gas prices range from $1.83 to $1.85 per gallon, according to AAA.