PORTLAND, Maine — The average price of a gallon of regular gasoline in Maine fell about 3 cents in the past week, in line with a national decline driven by record-high July gasoline inventories.

Price tracking website GasBuddy reported the average gallon of regular gasoline in Maine was selling for $2.25 on Monday, about 51 cents lower than one year ago. The national average price was down to $2.20, about 56 cents lower than one year ago.

“Despite fuel consumption near record levels, U.S. gasoline inventory recently reached the highest July level ever recorded (240.1 million barrels) and, concurrently, the national average has continued its consistent decline,” Gregg Laskoski, a senior analyst for GasBuddy, said in a news release.

The Energy Information Administration in April projected that this summer’s average gasoline price would be the lowest since 2004.

Maine’s average Monday was 1 cent lower than Vermont’s, at $2.26, and higher than New Hampshire’s, at $2.16.

Darren Fishell

Darren is a Portland-based reporter for the Bangor Daily News writing about the Maine economy and business. He's interested in putting economic data in context and finding the stories behind the numbers.