Posted: Dec 19, 2011 8:02 AM
Several Lexington gas stations advertised regular unleaded gas under $3 per gallon Monday morning.
Local average retail gasoline fell 11.9 cents per gallon over the past week, averaging $3.09 per Sunday. This compares with the national average that fell 4.3 cents per gallon in the last week to $3.23 per gallon, according to gasoline price website LexingtonGasPrices.com.
Prices Sunday stood 17.6 cents per gallon higher than the same day one year ago and 16.7 cents per gallon lower than a month ago. The national average decreased 13.4 cents per gallon during the last month and stands 26.4 cents per gallon higher than this day one year ago.
"Gas prices across much of the nation continue their downward move, bringing the national average for a gallon down to its lowest level since late February," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said. "While some motorists are thinking these falling gasoline prices are nice, I'll unpleasantly remind them that gasoline prices will still set record highs this Christmas across much of America. Motorists have never seen average prices this high on Christmas. As prices typically reach a low point during early winter, this sets up a troubling start to 2012 in terms of gasoline prices. Summer gasoline prices typically are 80-120 cents per gallon higher than where prices stand around Christmas."