Gas Prices Still Falling Despite End Of Labor Day Holiday

So far, AAA reports that gas prices are still in decline and electricity rates for those that need to charge their vehicles have gone unchanged.

Gas prices dropped another six cents week over week to a national average of $3.30 a gallon.

Some of that is attributable to less demand since summer vacation is over and children are back in school. Also, internationally, oil prices are down to about $70 per barrel.

The end of the latest holiday travel period did not necessarily mean a jump in gas prices.

“There are now ten states with gasoline averages below $3 a gallon, which means thousands of retail outlets east of the Rockies are selling gas at similarly low prices,” said Andrew Gross, AAA spokesperson. “With hurricane season remaining weak and disorganized, this trend of falling pump prices will likely continue.”

There were no predictions or estimates on how long the falling gas prices might last. The next big holiday travel period by vehicle comes up in about two months for Thanksgiving.