Gas Prices Continue to Drop

Gas prices continue to fall. The current average nationwide for a gallon of regular is $3.83, down 26 cents from a month ago and 18 cents from a year ago, according to AAA’s Fuel Gauge Report. 

The national average price of regular gasoline has dropped 41 cents since April 2, according to the U.S. Energy Information Administration’s This Week in Petroleum June 20 report.

Americans are now spending roughly $200 million per day less on gas than in early April, when gas peaked at $3.94 per gallon. And analysts are expecting further declines. One economist this week forecast the national average will soon fall to $3.10 per gallon, according to BloomBerg Businessweek.

"The good news is retail gas prices continue to drop and are forecast to retreat throughout the month," said Jessica Brady, AAA spokesperson, The Auto Club Group, in the Tampa Bay Weekly.

In Grayslake, Mapquest shows the cheapest gas is $3.48 per gallon at the Speedway on Route 83. GasBuddy agrees, listing the low $3.48 price at the Speedway and at the Marathon station on Routes 120 and 83.