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.
by Staff
January 12, 2016
Photo courtesy of Wikimedia.
1 min to read
Photo courtesy of Wikimedia.
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.
The average price fell 3.2 cents to $1.996 for the week ending Jan. 11. The price is 14.3 cents lower than it was a year ago, according to the U.S. Energy Information Administration.
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Gasoline prices fell across the board in the nine regions tracked by the agency with the sharpest decline coming in the Midwest with a 3.9-cent fall to $1.821. The Gulf Coast now has the cheapest gasoline at $1.727 per gallon.
Among states, now only California ($2.847) and Hawaii ($2.676) gasoline costs more than $2.50 per gallon. Gasoline in 12 other states and the District of Columbia costs at least $2 per gallon, while gasoline in 36 states has fallen below that level. Missouri's $1.644 gasoline is now the nation's cheapest.
Meanwhile, the price of diesel fell 3.4 cents to $2.177. Diesel is now 87.6 cents lower than it was a year ago.
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