Advertisement

The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Fall to $3.12 Per Gallon

October 21, 2014

Photo courtesy of Wikipedia.
Photo courtesy of Wikipedia.

The average price of a gallon of unleaded gasoline has fallen to a level not seen in almost four years, as it now costs an average of $3.12 per gallon, according to federal data.

The average price fell 8.7 cents for the week of Oct. 20 to reach a level not seen since it reached $3.11 on Jan. 31, 2011, according to the U.S. Energy Information Administration. The price is now 24 cents cheaper than a year ago.

The price of gasoline fell in all nine regions tracked by the agency, and saw a decline of at least 10 cents in four of the regions. The sharpest decline came in the West Coast without California where the price fell 11.7 cents to $3.311. The West Coast, Lower Atlantic, and East Coast also saw at least a 10-cent fall.

The average price of gasoline now costs at least $3.50 in only three states, including Hawaii ($4.084), Alaska ($3.801), and California ($3.502), according to the AAA's Daily Fuel Gauge Report.

Meanwhile, the average price of diesel fell 4.2 cents to $3.656 per gallon for the week. Diesel now costs 23 cents less than it did a year ago.

Twitter Facebook Google+

Comments

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.





Sponsored by

The International Automotive Remarketers Alliance (IARA) is an organization that works to assist, educate, and share knowledge across the vehicle remarketing industry.

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