US Gasoline Prices Falling

US Gasoline Prices Falling

US Gasoline Prices Falling

$UGA, $USO

The average price of a regular gallon of gasoline fell 6c over the past 2 weeks, to $2.95.

That’s the 1st drop in nearly 4 months. Industry analyst Trilby Lundberg warns that the decline could be temporary.

We do not see it, we see gasoline prices moving lower.

Ms. Lundberg said Sunday that Crude Oil prices recently rose $3bbl after OPEC said it is limiting Oil production. She says it is likely that will lead to increased prices at the pump in the weeks ahead.

OPEC did not limit production, it boosted production, and the Crude Oil is on the water.

The lowest average gas price recorded in the contiguous 48 states was $2.44 gal in Charleston, South Carolina. The highest was $3.79 in the San Francisco Bay Area.

The average price for diesel fuel fell 2c, to $3.24.

WTI Crude Oil -0.7% to 68.09 bbl

Follow Crude Oil prices daily here.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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