Economic uncertainty is helping to put an end to rising prices at the pumps in Delaware – at least temporarily.
AAA Mid-Atlantic says gasoline sells for an average of $3.70 a gallon as of the beginning of this week, down three cents from the previous week. The US debt crisis, downgrade of the nation’s credit rating and declines on Wall Street helped to bring down the cost of crude, which affects what we pay for gas. “Crude oil makes up almost 70% of a gallon of gas, which is why gas prices are tied so closely to crude oil prices,” said AAA Mid-Atlantic Public Affairs Specialist Jana Tidwell. Gas prices had been going up in recent weeks after a period of decline. One year ago, Delawareans were paying about $2.69 for a gallon of gas.
CLICK HERE for AAA’s Fuel Finder to track local gas prices.