Gas prices near 2012 lows


After approaching all-time highs in April, gas prices are nearing their lowest prices of 2012.

The average New York City gas price has fallen for the past two and a half months and settled at $3.75, according to AAA’s Fuel Gauge Report.

Over the past week, the cost of gas has fallen five cents in the city and has dropped 25 cents over the past month.

Many gas stations around the borough come in well below the city average — with some prices below $3.50 per gallon.

At this time last year New Yorkers were paying $4.02 for a gallon of gas.

Nationally, the average cost for a gallon of gas is $3.41, 24 cents lower than a month ago.