AAA reports national gas price average drops for first time in three months • Northwest Indiana Business Magazine

AAA reports national gas price average drops for first time in three months

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The national gas price average is $2.95, down by two cents for the week beginning June 4, AAA reports.

This is the first time there has been a decrease in the national average since mid-March, AAA said. The drop follows the latest Energy Information Administration report showing consistently strong demand.

“Nearly 80 percent of Americans say the price of gasoline is too high at $3 per gallon. So it’s welcome news for motorists to see gas price averages decrease in 33 states on the week,” said Jeanette Casselano, AAA gas price expert. “Crude oil prices are falling, but it likely won’t be enough to drop gas prices more significantly this summer.”

According to AAA, for the week beginning June 4, the average price for gasoline in Indiana was $3. In the states that border Indiana, Illinois’ average price was $3.09 and in Michigan it was $2.98. Kentucky’s average price was $2.82, while Ohio’s average price was $2.77.

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