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Gas prices are displayed at a Shell station in Beaverton, Ore.

Gas prices are displayed at a Shell station in Beaverton, Ore., Tuesday, April 24, 2012. (AP Photo/Don Ryan)

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Pump prices drop 5 percent since April

Average fell to $3.739 per gallon on Thursday

Updated: Friday, 11 May 2012, 7:14 AM EDT
Published : Friday, 11 May 2012, 7:14 AM EDT

NEW YORK (AP) — Gasoline prices have dropped 5 percent since peaking last month.

The national average fell to $3.739 per gallon on Thursday, down nearly 20 cents since hitting a high of $3.936 on April 6. And compared with a year ago, regular unleaded is 21 cents cheaper.

Gasoline prices are falling as concerns about the economy pull down the price of oil.

Benchmark U.S. oil has fallen 6 percent since April.

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