The Palestine Herald, Palestine, Texas

July 5, 2013

Relief at the pump: AAA reports gas price decrease

Palestine Herald-Press

PALESTINE — Officials are reporting fuel prices are dropping and just in time for summer vacation. According to the AAA Fuel Gauge Report, the national average a month ago was $3.62. Despite the recent drop, prices are still higher on average than they were a year ago at this time, when they sat at $3.33 a gallon.

“Gas prices across the country are finally moving lower in lockstep, which is welcome news for the 34.4 million travelers that AAA expects to travel by automobile this holiday period,” the AAA stated in a release published on the organization’s website. “The national average may continue to drift lower in the coming days, especially as prices in the Midwest and Great Lakes retreat from near-historic highs, however crude oil prices remain substantially higher than last year and are likely to limit the amount further that the national price will fall.”