Gas prices continue on two-week slide

Gas prices continue on two-week slide

Phoenix- $2.34/g, down 1.2 cents per gallon from last week's $2.35/g.

Gas is cheapest in four states, running $2.27 a gallon in Texas, Mississippi, Missouri, and Alabama. Crude prices may continue to trend higher this week amid signs of continued growth in USA oil production.

Georgia gas prices declined for the past 16 consecutive days, falling a total of 9 cents, the club said.

The seasonal maintenance forces some refineries to reduce production capacity, which typically results in less gasoline being available for consumption.

AAA experts expect the second quarter to be the most expensive second quarter for gas since 2014 and, looking ahead, they say, the driving season will be the most expensive since 2014 as well.

"Gas prices declined as forecast, based on significant gains in both oil and gasoline production in the United States", said Mark Jenkins, spokesman at AAA in Tampa.

In Killeen, the lowest price for regular gas on Saturday was $2.06 per gallon at Walmart Neighborhood Market, 3801 E. Stan Schleuter Loop. A year ago at this time, the average price in MA was 32 cents lower at $2.18. Local prices remain at a four-year high for this time of year.

Michigan's eleven-cent drop is the largest weekly price change in the nation this week.

So where is the excess fuel going?

With a slight build of 612,000 barrels, gasoline inventories in the region measure at 58 million barrels, according to the latest Energy Information Administration (EIA) report.

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