Gas prices drop 46 cents last two months - KSFY News - Sioux Falls, SD News, Weather, Sports

Gas prices drop 46 cents last two months

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While it isn't as drastic, South Dakota is among the trend of states with falling gas prices across the nation.

Nationwide, gas prices dropped 46-cents per gallon in the last two months to an average price of $3.33. According to AAA, that price is five cents less expensive than a week ago and 11 cents less than one month ago.

While it is relief from recent prices, AAA reports the current national average is still five cents more expensive than what drivers were paying a year ago.

South Dakota's statewide average as of Tuesday was $3.31. The most expensive gas in the state was found in Crooks, $3.659 per gallon. South Dakota's least expensive gas is in Oglala, $2.989.

According to AAA, less consumer demand and lower crude oil prices have helped bring down the price of gasoline in recent months. However, the East Coast prices have remained high because of high demand and short supply following Hurricane Sandy.

AAA expect demand to increase slightly as the we approach the holidays as motorists travel to see friends and family, but consumption is expected to remain low during the start of 2013.

AAA reports, with only three weeks remaining in 2012, it is all but certain that the average price per gallon of gas this year will be the most expensive on record. Nationally, the average price per gallon of gasoline was $3.62 in 2012.

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