As expected, gas prices are falling as the summer driving season comes to a close.
But the pace of the decline is notable.
As of yesterday, the national average price of a gallon of gas was $3.665, which is down 12 cents from a week ago. This is the largest drop since December 11, 2008, according to AAA's fuel gauge.
Brent crude spot prices have fallen more than $7 per barrel in the past ten days. Tuesday's price was trading slightly above $108.00.
Sadly, Californians are still suffering. While prices are also falling in the Golden State, they remain near record highs. A gallon cost $4.424 yesterday, according to the LATimes.
More From Business Insider
- Apple Reveals The iPad Mini, New iMacs, And A Refreshed iPad
- 12 Hours Later, It's Clear That Romney Won The Debate
- Italians Are Turning To The Black Market For Cheap Gas