The Car and Truck Fleet and Leasing Management Magazine

Gas Prices Drop to $3.25, Lowest Price to Date in 2012

December 18, 2012

Retail gasoline prices have hit a new low in 2012, according to AAA.
Retail gasoline prices have hit a new low in 2012, according to AAA.

WASHINGTON – The national average retail price of gasoline hit $3.25 per gallon, which is the lowest price to date in 2012, according to AAA. This price is nine cents less than a week ago, 17 cents less than a month ago, but still one cent more than it was a year ago. Although this price is the lowest in 2012, this price is still the highest on record for this calendar day, according to AAA.

Gas prices in every state are down from last week ago, with the Midwest seeing the largest declines. Ohio saw a price drop of 21 cents; Indiana, a drop of 20 cents; Michigan, a price drop of 18 cents; Minnesota, a 16-cent drop; Kentucky, down 15 cents; and lastly Illinois, which saw the average price fall 14 cents.

A number of states saw prices fall to new lows, including Hawaii, with a price just slightly under $4, at $3.9995 per gallon. This is the first time since March 13, 2011, that the price in all 50 states was below $4 per gallon, AAA stated. Outside Hawaii, the state with the highest average price includes New York, at $3.75 per gallon. Another milestone is that the price of gas in Missouri fell below $3 per gallon, at $2.96 per gallon.

Oil prices went up slightly last week, but they are lower than during the same period in 2011. On Dec. 17, the price for a barrel of oil on the NYMEX exchange for West Texas Intermediate was at $87.55 per barrel. This price is up $1.99 from last Monday, Dec. 10.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

SDK stands for Software Development Kit.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher