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Local Gas Prices Not Following National Trend

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National news sources have been telling of falling gasoline prices around the country, but prices have held steady in Jackson as some of the higher prices to be found in the nation.  According to AAA Auto Club’s Fuel Gauge report, the national average has fallen more than six cents in the last week with the average price for a gallon of unleaded regular now averaging $3.54.  Wyoming prices are above average at $3.67 per gallon while the average of prices surveyed in Jackson Hole is now $3.895. Still, Jonathan Cogan of the US Energy Information Administration says gasoline prices should be lower for the second half of the year.  Cogan says In its new monthly energy forecast, the U.S. Energy Information Administration projects regular grade gasoline will average $3.59 per gallon in the current third quarter and $3.33 in the fourth quarter. Pump prices he says are expected to fall as crude oil prices begin to decline and the summer driving season winds down. Cogan explains crude oil accounts for about two thirds of what drivers pay at the pump. EIA expects daily gasoline demand to continue to decline this year and next, as improving fuel economy of new vehicles outpaces increases in highway travel. The state with the highest average among the lower 48 is currently Connecticut at $3.94 per gallon.

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