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WEX stated the national retail price for a gallon of gasoline started the month at $3.55 per gallon, which is down close to 10 cents per gallon from where the price started in April.
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Both retail and wholesale gasoline prices are dropping, according the monthly WEX Index. Diesel is also expected to decline due to weakening demand and the spring thaw.
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A new report from WEX says fears about summer gasoline supply caused the recent price increases and that gas prices should slowly fall throughout March. WEX also expects a drop in diesel prices, but not as much as for gasoline.
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The latest Fuel Gauge Report from AAA shows increased prices across the U.S. since last week, with 46 states seeing higher average prices for a gallon of regular, unleaded gasoline. Prices did fall in four states, though, including Ohio, Indiana, Michigan, and Kentucky.
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New reports from AAA and the U.S. Energy Information Administration (EIA) say that although fuel prices have been on the rise recently, they should start falling as oil prices fall and temporary production concerns are resolved.
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PORTLAND, ME – WEX said experts are predicting that 2013 will look similar to 2012 in terms of price trends, barring major unforeseen supply disruptions.
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TORRANCE, CA - Although some parts of the U.S. have seen prices drop 12 to 18 cents, specifically in the Midwest, the East and West Coasts have actually seen prices go up.
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PORTLAND, ME - Wright Express (WEX) has released the latest edition of its fuel prices index. The company said analysts are predicting a substantial drop in gasoline prices in the near future but not for diesel.
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SOUTH PORTLAND, ME - Rapid increases in wholesale gasoline and diesel prices are driving retail prices upward, especially in the Midwest, according to a new report from Wright Express.
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WASHINGTON – The national average price for a gallon of regular self-serve gasoline this week is eight cents cheaper than the price one week ago and 22 cents cheaper than one year ago.
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