Fairbanks gas prices follow national trend.

Average retail gasoline prices in Alaska have fallen more than 3 cents a gallon during the past week.

That puts the state average at 3 dollars and 66 cents a gallon, according to GasBuddy's daily survey of 398 gas outlets in Alaska.

 

Prices at the pump in Fairbanks are the lowest they've been in some time, dropping below 3 dollars and 60 cents at some stations.

 

This compares with the national average of   3 dollars and 26 cents a gallon.

 

Officials at gas buddy dot com say the downward movement in national gas prices is due to a fall in commodity prices.

Senior Petroleum Analyst Patrick DeHaan said “ We've seen gas prices on a gradual decline since mid-September, bringing Alaska's average price down to about three sixty six, and that's kind of where Fairbanks prices sit as well. A lot of it is rising domestic crude production, coupled with the fact that we had very few, in fact no hurricanes hit the united states this year. The price of crude is going down as geopolitical tensions have cooled as well.

There are just a myriad of factors"