March gas prices pump month's biggest drop in a decade - Tucson News Now

March gas prices pump month's biggest drop in a decade

TUCSON, AZ (Tucson News Now) -

Tucson gas prices have fallen more than three cents per gallon in the last week, marking the first time in a decade that gas prices have been cheaper at the end of March than they were at the beginning of the month.

As of March 31, Tucson gas prices were 11.5 cents per gallon cheaper than they were one month ago, and nearly 29 cents per gallon lower than gas prices on the same date in 2012.

According to a survey of 328 Tucson gas stations, a gallon of gas averages $3.44, compared to the national average of $3.61.

"Gas prices in March came in like a lion and are going out like a lamb," Senior Petroleum Analyst Patrick DeHaan said. "Essentially what we're seeing here this month is perhaps the largest monthly decrease ever during the month of March, a month that has almost always seen prices finishing the month substantially higher than where they entered."

DeHaan said the last time Tucson saw a monthly gas price decrease in March was a drop of five cents in 2003.

Nationally, gas prices have dropped just over 28 cents since March of 2012, and the average has decreased by 10.3 cents per gallon in the last month.

Copyright 2013 Tucson News Now. All rights reserved.

Powered by Frankly