The Car and Truck Fleet and Leasing Management Magazine

Gasoline Moves Lower to $2.35 Per Gallon

May 08, 2017

Photo by Vince Taroc.
Photo by Vince Taroc.

The national average price of regular unleaded fell 4 cents to $2.35 per gallon for the week ending May 8, as a result of "an unseasonable glut of gasoline in the U.S. market," according to AAA.

The price is now 4 cents lower than a month ago and 14 cents lower than a year ago. In the past week, the average price in 46 states fell, including some by as much as 9 cents. The decline in prices is also a result of record high refinery production rates, moderate demand, and a recent drop in crude oil prices, according to AAA's weekly fuel report.

The states with the largest weekly decreases include Ohio (9 cents), Michigan (9 cents), Indiana (9 cents), Illinois (7 cents), Delaware (6 cents), Kentucky (6 cents), Missouri (6 cents), Florida (5 cents), Kansas (5 cents) and Maryland (4 cents).

The states with the biggest changes in the last year include Alaska (44 cents), Hawaii (42 cents), Washington (40 cents), Oregon (34 cents), New Jersey (30 cents), New Mexico (27 cents), Montana (26 cents), North Dakota (24 cents), Nevada (21 cents) and Pennsylvania (21 cents).

Meanwhile, the average price of diesel fell 1.8 cents to $2.565. Diesel is now 29.4 cents higher than it was a year ago, according to the U.S. Energy Information Administration.

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.

FleetFAQ

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

SDK stands for Software Development Kit.

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