PORTLAND, Maine — The average price of a gallon of regular gasoline dipped slightly during the past week as forecasters with the price tracking website GasBuddy expect still lower prices over the Fourth of July holiday.

GasBuddy reported that Maine’s average gas price fell a little less than 1 cent in the past week, to $2.34 per gallon, as the national average fell by a little more than 2 cents, to $2.31 per gallon.

That price in Maine, as of Sunday, was about 46 cents less than one year ago. Gregg Laskoski, a senior analyst with GasBuddy, said in a news release that the national average has hit 10 cents below its high so far for 2016.

The United Kingdom vote last week to leave the European Union also stands to bring down domestic gas prices, Laskoski said, as it strengthens the U.S. dollar.

“And if there was any doubt about the direction of retail gasoline, Brexit’s impact — strengthening the U.S. dollar; weakening European currencies and weakening global crude oil prices — is expected to add even more downward pressure to summer gas prices despite record-setting demand,” Laskoski said.

Maine’s price as of Sunday was slightly higher than in Vermont, at $2.33 per gallon, and nine cents higher than New Hampshire, at $2.25 per gallon.


Darren Fishell

Darren is a Portland-based reporter for the Bangor Daily News writing about the Maine economy and business. He's interested in putting economic data in context and finding the stories behind the numbers.