Gas Prices Believed To Have Peaked

Gas Prices Believed To Have Peaked | gas prices; peaked; AAA; $3.31 per gallon; Murfreesboro; WGNS

The national average price at the pump is $3.67 per gallon. This is two cents less expensive than one week ago, but it is 10 cents more than one month ago and 15 cents more than the same date last year.  Gasoline prices may have reached a springtime peak of $3.70 per gallon last week, though it is too early to know for certain.

Some discounters here in the 'Boro are offering regular gas for $3.31 per gallon. That's down almost a dime from a week ago, but up 35-cents from earlier this year.

After widening to a 20-cent premium last Monday — the largest difference since July 22, 2013 — the gap has closed each day for the past week and will likely continue to narrow in coming days. While prices this year are falling, prices at the same time in 2013 were increasing from a spring low. Today’s price remains lower than the same date in both 2011 and 2012. In 2011, on this same calendar date, the national average peaked at $3.98 per gallon.  In 2012 the peak was $3.94 per gallon on April 5 and 6.

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