
The nation's average gasoline price fell three cents to $2.92 per gallon during the week ending on June 11 and has fallen four cents since the start of the month due to falling demand, reports AAA.
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The national average price of a gallon of regular unleaded fell two cents to $2.95 for the week ending June 4 during a week that saw the first price decline since the middle of March, according to AAA. The decline followed a slight dip in oil consumption from a year ago.
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The average price of regular unleaded remained steady at $2.97 per gallon over the Memorial Day holiday and could be easing off their spring increase. Crude oil prices have also begun to fall from their three-year high, according to AAA.
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The national average price of a gallon of regular unleaded jumped 12 cents to $2.93 over the past two weeks, ahead of the Memorial Day holiday and reaching the highest level for this holiday weekend in four years, according to AAA.
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The national average gasoline price moved sharply higher for the week ending May 14, following the Trump administration's decision to withdrawal from an Obama-era nuclear deal and reimpose sanctions on the country.
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The national average price of a gallon of regular unleaded leveled off at $2.81 for the week ending May 7, following steady increases that increased the price more than 12% since early March.
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The average price of a gallon of regular unleaded has reached $2.81 today — the highest level since November of 2014 when pump prices average $3.34.
Read More →The national average price of regular unleaded gasoline increased 5 cents to $2.76 per gallon as consumer demand surged to the highest level on record in April, reports AAA.
Read More →The nation's average gasoline price has reached a level not seen since summer of 2015 at $2.71 for a gallon of regular unleaded, according to AAA.
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Fuel prices are fluctuating from state to state, with increases of up to 12 cents and declines as low as 7 cents.
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