Gas prices have continued to decrease this week. Many experts are expecting prices to continue fluctuating with an overall downward trend.
Drivers and businesses affected by gas prices have been pleasantly surprised because gas prices typically rise during the month of May. The current peak national average price for this year was $3.98 on May 5th, 2011.
In mid-May, Neil Gamson, an analyst for the Energy Information Administration, said “It is possible we have reached our peak.” However, that could change if the violence in the Middle East gets worse or if there is a bad hurricane season.
Currently the average price for a gallon of regular unleaded is $3.78, down 3 cents from last week and 18 cents from one month ago according to the AAA Fuel Gauge Report. Although this month’s decreases are good news, prices are still up over $1.00 from one year ago. Diesel fuel is currently averaging $4.00 per gallon, down 16 cents from one month ago.