• Photo
Gas prices are displayed at a gas station and mini-mart in the Mid City section of New Orleans

Gas prices are displayed at a gas station and mini-mart in the Mid City section of New Orleans, Thursday, Oct. 18, 2012. (AP Photo/Gerald Herbert)

  • More National News
Who let the dogs out? Intoxicated woman
Who let the dogs out? Intoxicated woman

Laurel County Sheriff John Root says in a statement that a …

Powerball jackpot grows to $600 million
Powerball jackpot grows to $600 million

Powerball officials say the jackpot has climbed to an estimated…

Obama calls on Congress to fund embassy security
Obama asks for more embassy security

President Barack Obama is trying to turn the tables on …

Ousted IRS chief regrets treatment of tea party
Ousted IRS head apologizes to tea party

The ousted head of the Internal Revenue Service apologized to …

A week of top AP photos
A week of top AP photos

This gallery contains photos published May 9-16, 2013.

Advertisement

Gas gets cheaper, but still isn't cheap

Gas has dropped 13 cents in the past week

Updated: Wednesday, 24 Oct 2012, 12:37 PM EDT
Published : Wednesday, 24 Oct 2012, 12:29 PM EDT

NEW YORK (AP) — Gasoline across the U.S. is cheaper after a week of rapid price declines. But it still isn't cheap.

The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7-day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell.

Falling oil prices, rising supplies of gasoline and a switch by refiners to cheaper winter blends of gas have contributed to lower pump prices.

But gasoline is still more expensive than it's ever been for this time of year. The previous record for Oct. 23 was last year's $3.46 per gallon.

Rozell says gasoline has averaged $3.65 so far this year, 10 cents above the record set in 2011.

  • Share Your Opinion.
  • The News in Photos

A week of top AP photos

This gallery contains photos published May 9-16, 2013.

Advertisement
Advertisement

Advertisement