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Pump prices drop 5 percent since April
Average fell to $3.739 per gallon on Thursday
Updated: Friday, 11 May 2012, 7:14 AM EDT
Published : Friday, 11 May 2012, 7:14 AM EDT
NEW YORK (AP) — Gasoline prices have dropped 5 percent since peaking last month.
The national average fell to $3.739 per gallon on Thursday, down nearly 20 cents since hitting a high of $3.936 on April 6. And compared with a year ago, regular unleaded is 21 cents cheaper.
Gasoline prices are falling as concerns about the economy pull down the price of oil.
Benchmark U.S. oil has fallen 6 percent since April.
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