Posted: Mar 6, 2012 10:33 AM
Updated: Mar 6, 2012 10:33 AM
Source: Associated Press
NEW YORK - Gasoline prices have finally dropped after after nearly a month of steady increases. The nationwide average for regular unleaded slipped to less than a penny to $3.764 per gallon today. Prices in Baton Rouge are averaging $3.61 per gallon for regular unleaded.
The streak of price hikes began on February 8th. Pump prises rose by more than 28 cents per gallon, making gasoline the most expensive ever for this time of year.
Despite the one-day drop, experts predict that gasoline will continue to rise over the next several weeks. The Oil Price Informaion Service predicts the nationwide average could peak at $4.25 per gallon in late April.
Gasoline already tops $4 per gallon in California, Alaska and Hawaii. It's near the $4 mark in several other states, including Connecticut, Illinois, Michigan, New York, Oregon and Washington.