Gas prices fall to lowest of the year

The national average price of a gallon of regular gasoline fell to $3.24 today, its lowest rate this year, according to AAA.

The organization noted that today’s gas prices are approaching some of the lowest rates of 2011, seen in December and February of last year.
Entering the weekend, the lowest price this year had been $3.28 on Jan. 1. However, beginning last Saturday, the national average has reached a new 2012 low on three consecutive days.
Today’s price is nine cents less expensive than one week ago and 17 cents less than one month ago.
“Relief is being felt by motorists across the country as pump prices continue to fall approaching the busy year-end holiday travel period. These prices have been driven lower by a number of factors, including the switch to winter-blend fuel, which is less expensive to produce; increasing gasoline inventories; cheaper crude oil prices; lower demand; and economic concerns,” said AAA spokesman Michael Green.
Gas prices in the Milwaukee area fell to as low as $3.08 per gallon Monday night.

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