US Gasoline Prices Falling
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.
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.
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
Have a terrific week.
Latest posts by Paul Ebeling (see all)
- Ferrari (NYSE:RACE) Hybrid to Debut This Year, EV Coming after 2022 - February 15, 2019
- F1: Ferrari (NYSE:RACE) Debuts New Racer in Matte Red - February 15, 2019
- BREXIT Uncertainty Dampens London Fashion Week - February 15, 2019