The national average price of a gallon of unleaded remained mostly flat for the week ending Oct. 31, staying in the $2.21 range, reports AAA.
by Staff
October 31, 2016
Photo courtesy of Wikimedia.
1 min to read
Photo courtesy of Wikimedia.
The national average price of a gallon of unleaded remained mostly flat for the week ending Oct. 31, staying in the $2.21 range, reports AAA.
The average price declined one cent, which was at the same level from a month a go and three cents more than the same time a year ago. The usual seasonal decline has stalled as prices have remained roughly the same since early September, AAA reported.
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Refinery maintenance continues to cause regional price fluctuations. West Coast gasoline continues to be the priciest as the region counts seven of the most expensive states, including Hawaii ($2.91), California ($2.73) and Washington ($2.73). Prices in the Northwest moved higher following the shutdown of BP's Olympic Pipeline last week. Prices should decline as winter-blend gasoline makes its way to pumps.
Late last week, OPEC officials met in Vienna about a potential production freeze agreement. Iran and Iraq have been reluctant to participate in a production cut.
Federal fuel data mirrored AAA's data, as the price of regular unleaded retreated 1.3 cents to $2.23 per gallon, which was six-tenths of a cent higher than a year ago. Meanwhile the average price of diesel increased one-tenths of a cent to $2.479. Diesel is six-tenths of a cent higher that a year ago, according to data from the U.S. Energy Information Administration.
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