The Car and Truck Fleet and Leasing Management Magazine

Average Nationwide Gasoline Prices Dip To $2.15 A Gallon

May 24, 2005

NEW YORK – U.S. average retail gasoline prices fell in the past two weeks and will probably dip lower as crude oil prices stay under pressure on increasing supply and refining capacity increases, according to an industry analyst in a Reuters report.The national average for self-serve regular unleaded gas was nearly $2.15 a gallon on May 20, down about 6.4 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 7,000 gas stations.In the past month, gasoline prices have decreased 14 cents, virtually identical to the drop in crude oil prices. Prices have still risen 7 cents in the past 12 months from $2.10.“OPEC has been pumping its heart out and that allowed crude oil prices to fall nearly $9 a barrel.” survey editor Trilby Lundberg said. “The most likely direction for retail gas prices is down some more because crude oil prices seem unlikely to rise and might even fall further.”Lundberg said prices at the pump were also likely to decline because “the refining industry is maximizing its output of gas at a time when consumers will need the most.”Gasoline demand tends to peak during the June-to-August summer driving season.At $2.51 a gallon, San Francisco had the highest average price for self-serve regular unleaded gas, while the lowest price was $1.94 a gallon in Jackson, Miss.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

Telematics refers to the integration of wireless communications, vehicle monitoring systems, and location devices as well as the technologies involved in this process.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher