THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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.
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.
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.
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.
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.
Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
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.
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.
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.
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.