PORTLAND, Maine — The price of a gallon of regular gasoline in Maine fell again in the past week, down about three cents, to $2.23 per gallon as of Sunday.
The price is about nine cents lower than one month ago, trailing the movement of the national average, which fell about 16 cents in the past month, according to the price tracking website GasBuddy.
Will Speer, a senior petroleum analyst for GasBuddy, said that even an uptick in demand over the Independence Day weekend didn’t reverse a trend of falling retail gas prices, which have dropped at the national level for 26 consecutive days.
Speer said the falling price for benchmark West Texas Intermediate crude oil has supported the fall in pump prices.
“As the European Union stability weighs on investors’ minds, states like Ohio and Michigan have been able to take advantage of lower crude prices and improved refinery utilization in the region by posting a nation-leading 10 cent per gallon average decline in gas prices in one week,” he said.
Maine’s latest average was lower than Vermont’s, at $2.30 per gallon, and higher than New Hampshire’s, at $2.19.