Wal-Mart Stores cutting gas prices for 3 months

By the Associated Press | June 29, 2011 | 6:44 AM EDT

BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. is cutting gas prices by 10 cents a gallon for three months.

The world's biggest retailer says customers visiting participating Murphy USA and Walmart gas stations from Wednesday through Sept. 30 will receive the discount on all fuel, gas and diesel purchases when they use a reloadable Walmart gift card, Walmart MoneyCard or a Walmart credit card.

Gas prices neared $4 a gallon in late April and early May, but have since fallen to a national average of $3.57 per gallon. Still, the government reported on Monday that Americans spent at the weakest pace in 20 months in May, a sign gas prices may be hurting the economic recovery.

Wal-Mart Stores is based in Bentonville, Ark.