The Car and Truck Fleet and Leasing Management Magazine

Gasoline Extends Price Decline to Six Weeks

August 11, 2014

Photo via Wikimedia.
Photo via Wikimedia.

The national average price of gasoline declined for the sixth consecutive week, falling 1 cent to $3.505 for the week ending Aug. 11, according to federal data.

The price of gasoline is now 5.6 cents lower than it was a year ago, according to data from the U.S. Energy Information Administration. During the week, the price fell in seven of the nine regions tracked, including a 4.1-cent decline in the Central Atlantic. The average price rose 3.5 cents in the Midwest.

The average price of gasoline now costs at least $3.50 in 23 states and the District of Columbia, according to the AAA's Daily Fuel Gauge Report.

Meanwhile, the average price of diesel also fell 1 cent to $3.843. Diesel is now 5.3 cents lower than it was a year ago.

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