by Alyssa Oursler | December 4, 2012 7:00 am
In the past few weeks, falling gas prices have been cheered for their potential to save or boost holiday sales. While such a correlation might not necessarily be accurate, it’s undeniable that prices are on their way down. This isn’t unusual for the winter months, though, as colder weather tends to discourage travel.
Yesterday, the national average price of a gallon of gasoline was $3.39 — just more than a dime higher than it was a year ago, but a dime lower than it was a month ago when prices were already dropping in the wake of the hurricane.
Of course, it’s not all good news. Prices are always high in the hard-to-reach state of Hawaii, and they also remain notably high in New York thanks to shortages. Still, they are more manageable than they were last month when drivers were shelling out nearly $4 per gallon.
Head to the middle of the country and the sticker price looks much more appealing. Prices in Missouri and Texas have dropped significantly, as consumers are handing over a quarter less per gallon than the national average.
Below is a state-by-state roster of average gas prices from AAA’s Daily Fuel Gauge Report, listed from most to least expensive:
|New York||$3.863||Washington||$3.457||North Carolina||$3.324|
|Rhode Island||$3.630||North Dakota||$3.380||Virginia||$3.225|
|New Jersey||$3.467||South Dakota||$3.339||Missouri||$3.140|
Source URL: http://investorplace.com/2012/12/falling-gas-prices-a-state-by-state-look-3/
Short URL: http://invstplc.com/1nvFEKM
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.