The national average price of gas dropped -2.7 cents to $3.08. The national average is down -7.0 cents from a month ago and down -32.3 cents from a year ago. The national average price of diesel has decreased -1.8 cents in the last week and stands at $3.690 per gallon. The median U.S. gas price is $2.97 per gallon, down -2 cents from last week and about -11 cents lower than the national average.

• GasBuddy: “After rising for two straight weeks, the national average price of gasoline saw a slight decline in the last week as oil prices fell below $64 per barrel, paving the way for prices to ease in most states. Price-cycling markets again saw the largest weekly swings, with Florida and Michigan cycling upward, while Indiana and Ohio experienced sharp declines, but may be due for jumps this week. As we approach the peak of hurricane season, forecasts are showing favorable conditions for tropical development, so we’ll be watching closely for any potential impact on supply and prices as Labor Day nears.”