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RICHMOND(AP) -- Gas prices have continued to retreat nationwide, just in time for Memorial Day weekend.

In Virginia, AAA Mid-Atlantic says the price of a gallon of regular gasoline now averages $3.53 a gallon statewide. That's 5 cents less than last week and a penny higher than a year ago.

Gas prices range from about $3.38 in the Roanoke metro area to $3.54 in the Norfolk area. Prices averaged $3.47 in the Charlottesville area and were $3.51 in the Richmond area.

The auto club says that compares with an average price at the pump nationwide of $3.69 a gallon.

Officials with AAA say some analysts now believe motorists may have already seen the gas price peak for the summer.

That's good news because a new survey by Bankrate.com confirms skyrocketing gas prices took a toll on the economy this year.

6 out of 10 Americans say they cut back on non-essential spending - things like eating out, taking vacations and going to the movies to pay for gasoline.

Prices this week are the lowest they've been in three months.

AP-WF-05-21-12 0632GMT

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