RALEIGH — The U.S. average price of gasoline ($3.03 per gallon) continues its slide to levels last seen in December 2010, and as of Monday, more than one-half of the nation’s gas stations offer regular gasoline at prices below $3 per gallon.
GasBuddy reports that of more than 133,000 gas stations from which it gathers retail price data via crowd-sourcing, the ‘tipping point’ in this year’s autumn price decline was reached over the weekend when the number of stations selling gas below $3 climbed to 50 percent of all retailers across the U.S. The last time half of the nation’s fuel retailers were priced below $3 was Dec. 28, 2010.
The states with the lowest average prices are: South Carolina, $2.76; Tennessee, $2.78; Mississippi, $2.79; Texas, $2.81 and Virginia, $2.82.
Unfortunately, the highest gas prices in the U.S. remain mostly in states with the highest combined federal, state and local taxes: Hawaii, $4.04; Alaska, $3.71; New York, $3.39; California, $3.38; and Connecticut, $3.35.
The lowest priced gas in the country is found at an Exxon in Memphis, Tenn., where the price is $2.39 per gallon.