NH Gas Prices Continue to Fall
Gas prices in New Hampshire have continued to fall over the past month from their mid-April peak. Prices which touched $3.87/gal have steadily fallen to $3.66/gal.
Historically gas prices reach their highs around Memorial Day and then begin to fall, but with a lessening of tensions with Iran, a tepid economic in the US, the recurring Eurozone crisis and the increasing likelihood of a Greek exit from the Euro together have put downward pressure on the price of oil, causing crude oil to tumble to the $90/ barrel mark.
This drop in oil prices as well as the completion of the switchover to summer gas blends has caused gas prices to fall as well.
At an average of $3.66/ gallon, this is the lowest price that gas have been in New Hampshire since the end of February.