The average price of gas in the Las Vegas valley took a sharp dip in the last seven days.
AAA's Fuel Gauge Report said the price of regular unleaded fell about seven cents in a week to its current average of $3.50.
That price is about 26 cents less than the cost of gas a month ago.
The $3.50 price is still four cents more than the price around this time last year.
"While the national average continues to fall, we've done the math- the yearly average in 2012 is all but guaranteed to set all time record highs," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "We still stand at $3.63/gal for a yearly average, and gasoline prices would need to average no more than $2.35/gallon for every day left in 2012 for the national yearly average to drop below 2011, something that appears impossible. In the meanwhile, we have lowered our forecast for Christmas gasoline prices to average between $3.25-$3.35/gallon."
Wednesday, August 27 2014 7:48 PM EDT2014-08-27 23:48:57 GMT
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