Average gas price falls below $2 a gallon

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gas price latestGas prices have fallen below $2 a gallon in Delaware for the first time since mid-April, Wilmington-based  AAA Mid-Atlantic reported.

Prices below $2 had been reported in some areas duirng hte past couple of weeks. However, the average price in the state officially  dipped below $2 on Wednesday.

Prices have dipped to as low as $2.80 in the Kirkwood Highway-Capitol Trail area between Wilmington and Newark.

Surrounding states including Pennsylvania ($2.27) and Maryland ($2.13) still have a ways to go before joining the First State.

“While demand from motorists is high, leading to some of biggest summer travel in many years, an oversupply of gasoline inventories is keeping prices at the lowest level in more than 12 years,” says Jim Lardear, director of public and government affairs for AAA Mid-Atlantic. “Cheaper gas is fueling Americans’ interest in taking long summer road trips.”

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Prices as of Wednesday, July 27

Region

Today

Last Year

Change Last Year

Magnolia

1.929

2.559

-63

Delmar

1.939

2.519

-58

Laurel

1.947

2.552

-60.5

Newark

1.952

2.554

-60.2

Ellendale

1.959

2.559

-60

Harrington

1.959

2.559

-60

Bridgeville

1.959

2.531

-57.2

New Castle

1.967

2.548

-58.1

Seaford

1.968

2.57

-60.2

Felton

1.969

2.499

-53

Greenwood

1.969

2.546

-57.7

Milford

1.973

2.532

-55.9

Dover

1.974

2.499

-52.5

Hartly

1.979

2.499

-52

Camden Wyoming

1.979

2.531

-55.2

Georgetown

1.982

2.567

-58.5

Milton

1.988

2.522

-53.4

Millsboro

1.998

2.586

-58.8

Fenwick Island

1.999

2.599

-60

Frederica

1.999

2.539

-54

Dagsboro

2.001

2.564

-56.3

Woodside

2.004

2.559

-55.5

Ocean View

2.006

2.572

-56.6

Lewes

2.006

2.602

-59.6

Smyrna

2.014

2.514

-50

Townsend

2.019

2.679

-66

Middletown

2.02

2.681

-66.1

Wilmington

2.02

2.587

-56.7

Claymont

2.021

2.567

-54.6

Rehoboth Beach

2.024

2.632

-60.8

Bethany Beach

2.034

2.594

-56

Odessa

2.039

2.699

-66

Kenton

2.049

2.599

-55

Selbyville

2.063

2.655

-59.2

Hockessin

2.134

2.689

-55.5

Bear

2.136

2.664

-52.8

Delaware City

2.179

2.709

-53

Harbeson

2.199

2.799

-60

AAA anticipates gasoline prices will continue to drop in the weeks ahead, but it is possible that prices in many areas will begin to stabilize. Unless there are unexpected developments, gasoline should remain at this relatively inexpensive level this winter due to lower demand and  seasonal trends.

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