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November 15, 2016

Gas prices tumble in Maine, nation

There’s good news for Mainers looking to fill up their vehicles this week, as the average price for a gallon of gas dropped by three cents to $2.25.

In the week ending Tuesday morning, the average national price for a gallon of gas dropped five cents to $2.15 a gallon.

The $2.25 statewide average in Maine is higher than New Hampshire's $2.15, but lower than Vermont's average of $2.27.

"As oil prices have crumbled under the realization that supply continues to outpace demand, gasoline prices have fallen in tandem as we approach the holiday season. I'm sure that's music to the ears of millions of motorists," said Patrick DeHaan, senior petroleum analyst at GasBuddy.com, in a release. "While all eyes should remain on OPEC's reaction and coming meeting, motorists will likely continue to see the national average falling this week, catching up to the fall in oil prices, which now have taken oil to the lowest level since March."

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