PORTLAND, Maine — The price of gasoline is continuing to fall in Maine.

A survey by the website Mainegasprices.com says the average retail price of a gallon of gasoline fell four-tenths of a cent in the last week to an average of $3.33.

The prices are 20.7 cents higher than they were a year ago and 6.4 cents lower than a month ago.

Nationally, the average price of gas is $3.23 a gallon.

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24 Comments

  1. Funny, I wonder what gas stations were surveyed….and if the question was understood correctly, I saw gas prices up heading to the holiday weekend

  2. The price of gas goes up faster than it comes down. A better headline would be gas prices slightly come down but have a long way to go to reach former levels before the spike.

    1. That was surpose to be a feel better headline, but I agree with you 100%. You will never see gas at 2.00 a gal again or anything near it. The rich get richer and the poor get poorer.

  3. I wish diesel fuel would come down.  Its frustrating to see gas prices drop nearly 50 cents in the past couple months and diesel fuel has stayed steady between 3.95 and 4.05

  4. It must be all those electric Chevy Volts running around all over Maine causing a big drop in demand.

  5. It needs to get up to about $5.00 a gallon so I don’t have to watch people use there EBT cards and then get into a 2010 Chevy Silverado.  If you can’t buy your own groceries you don’t deserve to be destroying the environment.

    1. As more people turn to natural gas, and away  from oil in Maine’s larger towns and cities, heating oil will rise even further for some, as the oil companies will have to make their profits on fewer customers who are unable to aquire natural gas lines in their area.

  6. I have used this is in the classroom as well as sharing it with my friends…

    http://www.mainegasprices.com

    I think it has cool cool features and it’s a bit interactive….you call in the prices in your town and others do from theirs as well. Cheers~

  7. Enjoy the cheap gas while it’s available, and thank the recession for it. You will never see gas this cheap again. Before you know it, $5 gas will seem cheap.

    1. That depends on how well the U.S. and European central banks keep the currency fiasco going…as long as everyone is pegged to the dollar, life is good in America, the second it changes, we’re done.  Say thanks to our friendly progressives for such circumstances!   

  8. Dont see a darn thing cheap about gas. It may have dropped 7 cents or 5 cents or whatever, but that doesnt make it cheap, and, we dont see that up north. Gas is still 3.54 in Caribou. Shameful.

    1. Speak for yourself Roger.  I spend almost $500 per month on fuel.  Ten cents a gallon saves me almost $200 per year.  That is real money I can spend at local businesses.

  9. The Euro crisis is pushing down on prices even while Iran heats up.  Demand is still the biggest determinant of price.  Another big factor is derivatives.  Speculation as opposed to hedging actual risk, drives prices of many consumer goods much higher.  I have read various accounts that  attribute 20% of the price of a gallon of gas on speculation.  If we were reform derivative trading to require purchasers actually take possession of the commodities they speculate on, the only futures contracts would be held be businesses that purchase fuel, not Wall Street traders who day trade on oil and gasoline.  We are still in need of so many more financial reforms to get this country back to healthy shape.  That won’t happen until we get the money out of politics.

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