Gasoline prices dropped on Tuesday for the 26th straight day as lower oil prices continue to work their way to the nation's drivers. It looks like there is room for pump prices to move even lower.
After hitting a national average of $2.929 per gallon on May 6, retail gasoline prices have fallen 20.2 cents, or nearly 7 percent, to $2.727 per gallon on Tuesday.
Tom Kloza of the Oil Price Information Service said while the daily streak of lower prices is likely to end before mid-June, prices still have another 10 or 12 cents to fall.
Prices in some parts of the country already are well below the national average.
South Carolina, Ohio, Missouri and Oklahoma are among the states where gas has dropped below $2.60 per gallon.
Retail gasoline prices fell 0.5 cents overnight, 5.5 cents in the past week and 15.6 cents in the past month. Still, pump prices are 21.5 cents higher than they were a year ago.
The Energy Department's weekly report on gasoline prices showed a national average of $2.73 for a gallon of unleaded regular last week.
Pump prices declined in all parts of the country, although gas still was around $3 a gallon on the West Coast.
The cheapest gas, at an average of $2.63 a gallon, was in the Midwest.
In Charleston area, the average was about $2.62.
Oil prices moved higher earlier in the session as the euro rose against the dollar, but fell back as the euro weakened again.
Commodities priced in dollars, like oil, become more expensive for investors holding euros when the dollar gains.
U.S. stock markets rose at first, after the Commerce Department said construction spending grew by the biggest amount in nearly a decade and the Institute for Supply Management said its manufacturing index came in better in May than economists forecast.