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Gasoline Prices Remain at $2.29 Per Gallon

March 27, 2017

Photo via Wikimedia.
Photo via Wikimedia.

The average national price of gasoline remained at $2.29 per gallon for the week ending March 27 amid discussion by the Organization of the Petroleum Exporting Countries (OPEC) to extend a production cut by another six months.

A joint committee representing OPEC and non-OPEC countries met Sunday. OPEC implemented an initial six-month production cut in January that reduced output by 1.8 million barrels a day.

The committee's secretariat is expected to provide a recommendation in April about extending the cut.

The average price is now the same compared with a month ago and 25 cents more than a year ago, according to AAA.

States that have seen the largest yearly increases in prices include Washington (56 cents), Utah (51 cents), Oregon (50 cents), Hawaii (49 cents), Alaska (49 cents), Idaho (48 cents), New Jersey (46 cents), Montana (38 cents), New Mexico (34 cents), and Pennsylvania (34 cents).

States with the least expensive weekly prices include South Carolina ($2.02), Tennessee ($2.04), Alabama ($2.05), Mississippi ($2.05), Oklahoma ($2.06), Missouri ($2.07), Arkansas ($2.07), Virginia ($2.10), Louisiana ($2.10), and Texas ($2.11).

Meanwhile, the average price of diesel fell seven-tenths of a cent to $2.532. Diesel is now 41.1 cents lower than a year ago, according to the U.S. Energy Information Administration.

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