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Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
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The national average price of gasoline has cracked the $2-per-gallon level, falling to a seven-year low and level not seen since March of 2009 when it averaged $1.91, according to federal records.
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The national average price for a gallon of unleaded gasoline fell six-tenths of a cent to $2.028 for the week ending Jan. 4, according to federal records.
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The national average price of a gallon of unleaded stayed essentially flat for the week ending Dec. 28, as it increased eight tenths of a cent to $2.034 and has remained near $2 per gallon since late November.
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The national price of gasoline remained essentially flat at $2.026 per gallon for the week ending Dec. 21, according to data from the U.S. Department of Energy.
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The national average price of unleaded gasoline fell 1.6 cents to $2.037 for the week ending Dec. 14, according to federal data.
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Expectations for diesel and gasoline prices for next year have been revised lower, according to the latest Short Term Energy Outlook issued this week by the U.S. Energy Department.
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Gasoline prices continue a steady decline now down by 0.6 cents ending Dec. 7, according to federal data. Compared to last year's prices, a gallon of unleaded ($2.053) is down 62.6 cents from $2.679.
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The University of Michigan’s Transportation Research Institute has shown a drop in average sales-weighted miles per gallon for the month of November.
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The national average price for a gallon of unleaded gasoline fell 3.5 cents to $2.059 to a nearly six-year low for the week ending Nov. 30, according to federal records.
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A steady decline in gasoline prices continued, as the national average price of a gallon of unleaded declined 8.4 cents to $2.094 for the week ending Nov. 23, according to federal data.
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