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WASHINGTON – AAA’s national average price for regular gasoline fell below $4 a gallon Tuesday, reaching $3.9788 in its November 10 daily update and crossing the threshold in AAA’s own series for the first time since July.
The AAA national price table showed an average of $3.9788 for regular unleaded, down from $4.0093 the day before and $4.1493 a week earlier. A month ago the average was $4.3669; a year ago it was $3.0707.
The move brings another measure of U.S. pump prices below the widely watched $4 mark, but it is not the first below-$4 reading reported nationwide this week. GasBuddy analyst Patrick De Haan reported his service’s national average below $4 on Sunday, while AAA’s separate average was still $4.0203.
That earlier GasBuddy milestone was its first since August 10. Tuesday’s update is about AAA’s own price series and its different threshold date, not a correction to Sunday’s GasBuddy figure.
AAA said in its October 15 report that its national average had remained above $4 since late July. Its November 5 update put the average at $4.1003 and said prices had been declining for nearly two weeks as crude oil prices fell.
The relief at the pump does not erase the year-over-year increase. Tuesday’s $3.9788 average remained above the $3.0707 AAA recorded a year earlier, even after the recent decline.
Other fuel grades were still higher. AAA listed national averages of $4.4990 for mid-grade, $4.8969 for premium and $6.1572 for diesel in the same November 10 table.
What it means for drivers: A lower price reduces the cost of buying the same amount of gasoline. But a national average is not a price every station must charge. Your fill-up cost still depends on the local station, fuel grade and number of gallons you buy.
JBizNews Desk | United States
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