Gas prices trend down for fifth consecutive week, increase in production cited

AAA predicts lower gas prices will cause increase in travelers for holiday weekend

The price in New Hampshire went down half a cent to $2.18 a gallon, while it went up in ME almost a penny, to $2.23 a gallon.

The statewide average was $2.15, below the nationwide average of $2.23.

Further north, sub-$2 prices were rampant across metro regions including Tampa, Orlando, Melbourne and Vero Beach. Consumers can find gas for $2.00 or less at one out of every four gas stations in the country.

The falling prices are helping to fuel what AAA says could be a record number of holiday motorists.

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They project that more Americans will travel for the Fourth of July this year than ever before.

The group says 44.2 million people are expected to travel more than 50 miles away from home on US roads, rails, waterways and in the air during this time, which is 1.25 million more than past year.

Gas prices in Rhode Island have dropped by three cents this week.

The prolonged drop have been unusual because seasonal pressures typically push up gasoline prices during spring and summer months.

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"With July 4 around the corner, the national average gasoline price has fallen over the last week yet again", Dan McTeague, senior petroleum analyst for GasBuddy.com, wrote in the website's weekly media release. West Texas Intermediate crude futures settled Monday up 2.2 percent, or $1.03, at $47.07 per barrel. Palm Beach County's $2.27 average price on Monday was also 3 cents less than a week earlier.

At the rest stop along Interstate-71 North near Columbus, holiday travelers 10TV spoke to from as far away as NY and MI were pleasantly surprised to see Ohio's gas prices.

AAA reports that the most expensive gasoline can be found in the City of Chicago, at $2.73 per gallon.

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