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While gasoline prices continued to drop in the month of November, diesel prices have stagnated. WEX said diesel prices will likely trickle down just slightly over the next few weeks.
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Despite fuel issues in the Northeast states, U.S. retail gasoline prices in October hit their lowest levels since July.
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The Department of Energy stated that Phillips 66 is estimating it could take two to three weeks before its refinery in Linden, N.J. can resume operations. As well, to help clean up and repair infrastructure in the Northeast, the Department of Transportation has released funding to several states.
Read More →According to the company, the new name reflects its transformation and growth strategies, which are focused on physical, digital and virtual corporate card payment solutions for businesses internationally.
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Experts predict that some of the lower priced areas could see prices head north again, but not by any large amount. Some of the higher priced areas like the West Coast still have room to go down, and prices should continue to fall, albeit at a fairly slow rate before flat lining in the coming weeks.
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Despite this drop in the national average, refinery issues have continued to cause West Coast prices to remain at levels well above $4 per gallon. Experts say, however, that the issues have been resolved and prices should drop.
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SOUTH PORTLAND, ME and WASHINGTON - New reports from Wright Express and the U.S. Energy Information Administration say gas prices are likely to fall between $3.50 and $3.75 in early spring.
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