Gas prices fall for the first time this year Lundberg survey says

For the first time since December 2011, prices at pumps across the nation have fallen nearly five cents. These findings come from the Lundberg Survey, which used data collected during a two-week period ending April 20 from 2,500 gas stations.

While the price drop of nearly a nickel is significant, the nationwide average of $3.9127 per gallon of gas is still $0.03 cents higher than a year previous. This time last year, the average cost per gallon was $3.88. According to Lundberg, the price shift is due to stable crude-oil prices and significant gasoline supplies domestically.

'Gasoline prices have slipped, and if crude-oil prices remain stable, then we may see another 5 cent to 10 cent decline at the pump,' Lundberg said.

Lundberg’s data is a major change from the reports from AAA last month, where the Fuel Gauge Report noted a national average of $3.98 per gallon.

“Since the beginning of 2012, the national average price of self-serve regular unleaded gasoline has jumped from $3.28 per gallon to $3.89 per gallon, an increase of 61 cents per gallon. At this price, the average household using 1,200 gallons of gasoline per year spends about $4,668 annually, or about $389 per month,” Mark Brown, the executive vice president for AAA, told a House committee in March.

According to AAA, the national average on Sunday was $3.863 per gallon in the U.S.

For those wishing to track fuel prices recorded by AAA, the website below is updated daily.

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