IT'S OFFICIAL: Gas Prices Have Tanked

gas station dance

Photo: YouTube

Average U.S. gas prices declined $0.17 cents from a year ago to $3.61, according to the Energy Information Administration’s weekly fuel update release, as falling oil prices make their way to the pump.The Midwest saw the greatest declines, dropping $0.34 to $3.52. Prices in Chicago fell a full $0.36 to $3.89.

Prices on the West Coast have not seen the same drop-off, with Washington averaging a $0.36 increase and California a $0.27 rise from a year ago.

Oil prices ended the day flat but have declined nearly 25 per cent this spring on softening economic conditions.

Here’s the tale-of-the-tape over the past year:

gas prices

Photo: EIA

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