NBC News reported on March 5 that motorists have something to look forward to.
Gas prices are expected to drop 20-25 cents by the end of March.
Right now the national average gas price is $3.74 a gallon. It might be a few cents less in some areas, and it might be a little more in other areas. However, that's the national average as of Tuesday, March 5. Last month, pump prices on average were the highest on record for February.
Around the same time last year, gas prices went up almost every day. Even though it feels like gas prices are high, they are still 3 cents lower than the same period last year.
Gas prices rose everyday in March last year while this year they are expected to decrease.
When the prices begin to decline this month, it will be the first time since December 2012.
It is interesting to note the highest reported gas prices are $4 a gallon on the West Coast and only $3.48 a gallon in the Rocky Mountain States. This writer lives in Virginia where the gas price range is $3.40-$3.69.
So far the biggest year-over-year price drops have been in California, Indiana, Michigan, Oregon, and Washington. However, gas prices in Colorado and North Dakota are still significantly more expensive than a year ago.
It is good to know that the pain at the pump won't be as painful as it has been. Relief is in sight.
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