Gasoline prices that soared in early 2013 gave way to a rare March decline – one that could lower the temperature of political fights over energy.
AAA reported Monday that national average prices fell during March for the first time in 10 years, and current prices are almost 30 cents per gallon less than a year ago.
“The national average should remain less expensive than last spring,” the travel services group said in its analysis.
Prices currently average $3.63 per gallon. The decline of 15 cents per gallon last month was the first March decline since 2003, AAA said in its monthly report.
“It is very unusual for gas prices to decline in early spring like we have seen this year,” AAA spokesman Avery Ash said. “An increase in refinery production and lower oil prices in early March have combined to provide rare falling prices for motorists in comparison to recent years.”