US gasoline prices cheapest since January

Published June 26, 2012 4:51pm ET



NEW YORK (AP) — The price of gasoline has dropped to a five-month low, giving drivers some relief ahead of the July 4 holiday.

The national average fell to around $3.40 per gallon on Tuesday. South Carolina, at $2.987, has the distinction of being the first state with an average below $3 since February 2011. Even in states that impose high gas taxes, such as New York and California, pump prices are averaging less that $4.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.