The Associated Press reports that gasoline is down nearly 3 cents a gallon in Maine.

Gasoline price-monitoring website reports Monday that the average cost of a gallon of gas in Maine is down to $2.94.

Maine gas prices have now dropped more than 23.9 cents per gallon in the past month and are about 46.9 cents lower per gallon that at this time last year.

However, the price in Maine remains 12 cents per gallon above the national average, according to the AP.

The Maine price is based on a survey of more than 1,200 gas stations.

Nationally, the price of gas fell to $2.8416 a gallon, accroding to Bloomberg News


A Lundberg survey found the average price of regular gasoline at U.S. pumps slid to the lowest level since Nov. 5, 2010, dropping 10.05 cents in the two weeks ended Nov. 21.

Prices are 41.01 cents lower than a year ago, according to the survey, which is based on information obtained from about 2,500 filling stations by the Camarillo, California-based company.

Retail gasoline prices have fallen as oil has slumped into a bear market with U.S. drillers producing the most crude in more than three decades.

The highest price for gasoline in the lower 48 states among the markets surveyed was in San Francisco, at $3.14 a gallon, Lundberg said. The lowest price was in Albuquerque, New Mexico, where customers paid an average $2.47 a gallon. Regular gasoline averaged $3.12 a gallon on Long Island, New York, and $3.07 in Los Angeles.

Members of the Organization of Petroleum Exporting Countries will meet Nov. 27 in Vienna. Twenty analysts surveyed by Bloomberg were divided evenly on whether the group will cut production to boost prices or take no action.

Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.