According to a recent report from the AAA Auto Club South, with the price for crude oil continued its gentle slip - and the US Department of Energy refraining from giving an indication that the decline will stop - the fall in the gas prices continued for the third week in a row!

With the last week fall in the gas prices, the countrywide average for one gallon of unleaded has been declining everyday since June 21.

Going by the AAA weekly report, last week's unleaded drop of 7 cents per gallon in the national average - vis-à-vis the week before - brought the average price for unleaded to $2.46 a gallon.

With the third consecutive week of declining gas prices, the average U. S. retail price for regular grade gasoline has dropped as much as 21 cents a gallon from the summer peak prices of $2.69 a gallon in June.

The present gas prices happen to be 40 percent less than the year before prices - with the record high of 2008 summer's gas prices being almost $4.1 a gallon.

Commenting on the 'gas supply-demand' scenario, AAA spokesman Lon Anderson said: "The June over June comparison, we were down six percent in demand and yet supplies are way up." Anderson added that the current low prices may bring about an increase in demand in August.