THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The national average price of gasoline fell 7 cents to $2.74 for the week ending June 10, as nearly every state's average price also fell, according to AAA.
The average national gasoline price is slipping lower following Memorial Day, which has traditionally marked the start of the summer driving season and accompanying increases in fuel prices associated with it.
National and state gasoline prices continued to decline a week before Memorial Day with a 6-cent decline during the week ending May 20 as crude oil prices have remained stable.
The national average gasoline price fell 3 cents to $2.86 for the week ending May 13, which represents the first significant decline since earlier this year, when a succession of price increases added about 60 cents to the per-gallon price.
A gallon of regular unleaded inched higher for the week that ended on May 6 by increasing 1 cent to $2.89, and fleet drivers in the majority of states saw flat or lower prices at the pump.
The national average price of a gallon of regular unleaded increased 4 cents for the week to $2.88, which marks a new high for 2019, according to AAA.
Regular unleaded increased 1 cent to $2.84 as the nation's gasoline prices plateaued after several months of increasing prices due to the shift to higher-cost summer-blend gasoline and more unplanned refinery maintenance, especially on the West Coast.
Pump prices increased 10 cents to $2.83 per gallon for the week with the West Coast taking the brunt of a nearly 20-cent increase as refinery maintenance is causing tighter gasoline supply, according to AAA.
Unleaded gasoline has steadily increased in the past month to $2.74 per gallon, which is 28 cents higher that it was in early March mostly due to an increase in refinery maintenance.
Regular unleaded moved sharply higher to $2.69 per gallon for the week ending April 1, which is now 44 cents higher than it was on Jan. 1, according to AAA.