The national average price of a gallon of regular unleaded remained nearly unchanged with a one-cent decline to $2.56 for the week and has reached its lowest level of the month, reports AAA.
by Staff
February 27, 2018
Photo by Vince Taroc.
1 min to read
Photo by Vince Taroc.
The national average price of a gallon of regular unleaded remained nearly unchanged with a one-cent decline to $2.56 for the week and has reached its lowest level of the month, reports AAA.
The February trough represents a low for the month but is still 29 cents above its level from a year ago. Cheaper gasoline prices aren't expected to continue, according to the fuel price watcher.
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"Gas prices continue to trend cheaper for the majority of motorists as demand for consumer gasoline declines for a second week," said Jeanette Casselano, AAA spokeswoman. "Even with the small drop-off, demand continues to register above 9 million b/d, which is a 4% year-on-year increase, according to the Energy Information Administration’s latest report."
The largest weekly changes came in Indiana (minus 9 cents), Florida (minus 5 cents), Michigan (plus 5 cents), Kentucky (plus 4 cents), New Jersey (minus 4 cents), Ohio (plus 4 cents), South Carolina (minus 3 cents), New Mexico (minus 3 cents), Maryland (minus 3 cents) and Tennessee (minus 3 cents).
The least expensive states now include Texas ($2.25), South Carolina ($2.25), Mississippi ($2.26), Alabama ($2.26), Missouri ($2.29), Arkansas ($2.30), Ohio ($2.30), Tennessee ($3.31), New Mexico ($2.32), and Oklahoma ($2.33).
Meanwhile, the average price of a gallon of diesel fell two cents to $3.007 per gallon, which is 43 cents higher than a year ago.
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