Susquehanna Valley gas prices fell about seven cents to $3.47 a gallon this week, according to AAA East Central's Fuel Gauge report.

On the national front

For the first time since March 12, the national average price for unleaded gasoline dropped below $3.50 per gallon to $3.49. Tuesday's national average is at the lowest level for early August since 2010. Tuesday's price is two cents less than one week ago and 12 cents less than last year.

Oil market watchers continue to monitor the Middle East and northern Africa, paying special attention to growing tensions in Eastern Europe, United States and European powers last week announced coordinated sanctions targeting Russia's long-term ability to develop new oil resources, in response to the country's involvement in the insurgency in eastern Ukraine.

West Texas Intermediate (WTI) oil prices, a benchmark for prices in the U.S., settled on Monday at $98.29 per barrel.

(AAA East Central - a not-for-profit association with 82 local offices in Pennsylvania, West Virginia, Ohio, New York and Kentucky servicing 2.7 million members - provides Fuel Gauge each week.)

This week's Susquehanna Valley average price - $3.474.

Average price during the week of July 29, 2014 - $3.543.

Average price during the week of Aug. 6, 2013 - $3.592.

Average price for unleaded regular gasoline in Pennsylvania - $3.601.

The following is a list of the average price of unleaded self-serve gasoline in various areas:

Lewisburg - $3.341

Mifflinburg - $3.557

Milton - $3.386

Selinsgrove - $3.494

Shamokin - $3.570

Sunbury - $3.498