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National average prices for retail regular unleaded gasoline continued their decline this week to $2.27 and have fallen for 21 consecutive days, reports AAA.
Read More →The national average price of unleaded gasoline fell to $2.31 per gallon for the week ending Jan. 23, as U.S. oil production continues to increase, according to AAA.
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The national average price of gasoline returned to New Year's levels, falling eight of the past nine days to reach $2.34 per gallon, according to AAA.
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The national average gasoline price increased to $2.37 per gallon for the week ending Jan. 9 in an upward move driven by the OPEC announcement of a production cut in late 2016, according to AAA.
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Gasoline prices have increased about 7% in December and have reached $2.29 per gallon for the week ending Dec. 27 but are still significantly lower than this time in 2014 and 2013.
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The national average price for a gallon of regular unleaded has increased for 20 of the 21 days leading up to Dec. 19 to reach $2.24, which marks the highest level since October, according to AAA.
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The national average price of gasoline has increased for 14 days in a row to $2.21 on Dec. 12 after the Organization of Petroleum Exporting Countries (OPEC) agreed to cut oil production.
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The national average price of gasoline increased five cents to $2.18 following an agreement from oil-producing countries in the Middle East to cut production.
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The average price of a gallon of unleaded gasoline fell 1 cent to $2.13 ahead of a Wednesday meeting of oil-producing Middle East nations at a time when gasoline has reached its lowest level in almost a decade, reports AAA.
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The average price of a gallon of unleaded gasoline fell to $2.14 on Nov. 21, which marks the second-cheapest gasoline price since 2008 for the Thanksgiving Day holiday, according to AAA.
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