Gas Prices in Maine Fall Despite High Demand

Maine Public | By Ed Morin

Published June 20, 2016 at 1:27 PM EDT

PORTLAND, Maine - The average price of gasoline in Maine dropped more than three cents in the past week, comparable to what's being seen nationwide.

GasBuddy analyst Gregg Laskoski says that's despite the high demand for gasoline in June. "We know that the Department of Energy has projected a 4 percent increase in fuel consumption this year, and yet even with the increased demand we're seeing retail gasoline prices declining."

Part of the reason for the decline, Laskoski says, is the smooth transition refineries made from producing winter blend gasoline to summer blend.

The current average price in Maine is about 2 cents more than a month ago, but 46 cents less than this time last year.

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Business and Economy Gas prices

Ed Morin

Ed is a Maine native who spent his early childhood in Livermore Falls before moving to Farmington. He graduated from Mount Blue High School in 1970 before going to the University of Maine at Orono where he received his BA in speech in 1974 with a broadcast concentration. It was during that time that he first became involved with public broadcasting. He served as an intern for what was then called MPBN TV and also did volunteer work for MPBN Radio.

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