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The average gas price in and around New York City was $3.10 on Thursday, Dec. 11, down nearly two cents from Dec. 10 and nearly 60 cents lower than the same day last year.
New York's downward spiral continues to parallel ongoing gasoline drops on the national level, where today’s national average prices for a gallon of regular is $2.67, 10 cents less than this time last week; 24 cents less than this time last month; and 57 cents less than this time last year.
Even with the price coming down, the Empire State remains the third most expensive in the country to top off your tank. Only Alaska and Hawaii have higher average gas prices.
The largest reason for the relief at the pump is the continued decline in crude oil prices. As the market closed on Thursday, U.S. Crude fell below $60 per barrel for the first time in nearly five years, according to cnbc.com.
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