The Car and Truck Fleet and Leasing Management Magazine

Gasoline Prices Continue Two-Month Drop

May 13, 2003

The national average price of regular-grade gasoline fell to $1.49 per gallon on May 12, according to price data released by the Energy Information Adminstration (EIA). The average price of gas has dropped for eight consecutive weeks since hitting a 2003 high of $1.73 on March 17, a decline of 24 cents per gallon over the two-month period. Retail gasoline prices have declined recently due to reduced crude oil prices, according to the EIA. The agency earlier forecast a summer (April-Sept.) national average of $1.56 per gallon, which means that unless that forecast is revised, prices might rise again at some point during the next several months.
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.

Sponsored by

Darrin Aiken is the assistant vice president of remarketing for Wheels, Inc.

Read more

Up Next

More From The World's Largest Fleet Publisher