Gas Prices Fall Slightly as Fourth of July Approaches
The AAA's Fuel Gauge Report indicates that gas prices have fallen about five cents in the past week. Today's national average price is $2.639. Last week the national average was $2.690. Gas prices may have peaked for the summer and will now slowly fall. The Los Angeles Timesreports the national average is $2.642 a gallon.
Nationally, the average price was $2.642 a gallon, down 4.9 cents over the previous week.
At this time last year, the average cost per gallon was $4.573 in California and $4.095 nationally.
"They go up like a rocket and come down like they are on a parachute," said mechanic Lloyd Haines as he filled up on $2.85-a-gallon gas at a Chevron station on his way to work Monday morning.
Gas prices may also not have climbed as much as previously expected because summer driving is expected to be down slightly for the Fourth of July holiday.
