Gas prices far below last year

Good news for light truck fleets with gas engines – gasoline prices remain well below the levels of one year ago and have remained very stable as the summer driving season begins, according to American Automobile Assn.'s (AAA) daily online Fuel Gauge Report. The nationwide average price of self-serve regular gasoline is $1.386, which is 24 cents below last June's average price of $1.629. Gasoline

Good news for light truck fleets with gas engines – gasoline prices remain well below the levels of one year ago and have remained very stable as the summer driving season begins, according to American Automobile Assn.'s (AAA) daily online Fuel Gauge Report.

The nationwide average price of self-serve regular gasoline is $1.386, which is 24 cents below last June's average price of $1.629. Gasoline prices have remained almost unchanged since April of this year, when the nationwide average price of gasoline first settled near $1.40 per gallon.

Gas prices are nearly unchanged in most regions since May. Prices declined an average 2.1 cents per gallon in the Midwest to $1.347. In the Southeast prices dropped 2.6 cents to $1.315; in the Great Lakes they were down 2 cents to $1.391; in the and Southwest they fell 1.4 cents to $1.344.

The only region where prices were up is the West where an increase of a penny per gallon brought the price to $1.493.

Nationwide, the price of self-serve, mid-grade averages $1.472, a decrease of 1.5 cents per gallon since last month, but 26 cents less expensive than last year. Self-serve premium averages $1.52 per gallon, down 1.5 cents since mid-May, and 27 cents lower than one year ago.

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