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Fuel prices inching down as oil prices fall

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Fuel prices inching down as oil prices fall
Diesel prices continue to drop after weeks of record-setting spikes.

CAMARILLO, Calif. — U.S. fuel prices are seeing moderate declines for the first time in weeks.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also fall.

According to the survey, the average price of diesel dropped 22 cents over two weeks to $5.55 a gallon.

The average U.S. price of regular-grade gasoline plunged 32 cents over the past two weeks to $4.54 per gallon.

“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg said in a statement.

The average price at the gas pump is down 55 cents over the past six weeks, but it’s $1.32 higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas was in Los Angeles, at $5.65 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.90 per gallon.

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The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. The Trucker Media Group is subscriber of The Associated Press has been granted the license to use this content on TheTrucker.com and The Trucker newspaper in accordance with its Content License Agreement with The Associated Press.
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Fuel prices inching down as oil prices fall

Comment

Where are the prices going down? In Michigan diesel is still over $5.45 per gallon. Some gas stations offer diesel cheaper than the truck stops. Sad part is they don’t have satellite pumps.
Gas prices have gone down faster than diesel and we as truckers support this nation. Big oil companies are getting richer off truckers and our stupid government won’t step in to help. Makes me want to park my truck and tell them to take this job and shove it.

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