August 31, 2015

Gas prices continue to fall nationwide, and most drivers will pay the lowest Labor Day weekend gas prices since 2004, according to the latest report from AAA.

The national average price for regular unleaded gasoline has fallen a total of 20 cents per gallon over 14 consecutive days, according to the report. Today's national average sits at $2.47 per gallon, which is 12 cents per gallon less than it was one week ago, 18 cents less than a month ago, and nearly a dollar (96 cents) less than it was this time last year.

Despite the persistence of some regional refinery issues, AAA says that average U.S. gas prices are falling at the fastest rates since December.

The Pacific Northwest remains the nation's most expensive region for retail gasoline, and all the states represented in the nation's top ten most expensive are located west of the Rockies, according to AAA's report.

After spending seven straight weeks as the nation's most expensive state for retail gasoline, California was unseated by Alaska, with statewide averages of $3.35 and $3.40 per gallon, respectively. Rounding out the top five most expensive U.S. markets are Nevada ($3.13), Hawaii ($3.10) and Washington ($2.95).

On the opposite end of the spectrum, motorists in South Carolina are paying an average of $2.02 per gallon to refuel their vehicles, the lowest statewide average in the country.

North Carolina's current average price of $2.24 per gallon of regular unleaded gasoline is 30 cents less than it was just five weeks ago.

Get the latest information on gas prices from AAA.