Create a free Industrial Equipment News account to continue

Price of Gas Drops 12 Cents

Falling crude oil costs are the main reason for the decrease at the pump.

Lonely Gas Station At Night 525967409 4912x3264

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 12 cents a gallon over the past two weeks, to $2.72. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that falling crude oil costs are the main reason for the decrease at the pump.

The average gas price is 11 cents per gallon higher than it was a year ago. The highest average price in the nation is $3.77 a gallon in Honolulu. The lowest average is $2.19 in Tulsa, Oklahoma.

The average price of diesel fell four cents over the past two weeks, to $3.27.


More in Supply Chain