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At $3.65, gasoline prices in early July are the highest since 2008 when the price was close to $4.10, according to WEX Inc. But experts predict prices to slowly fade for the remainder of July.
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The price of a gallon of regular unleaded is now 18.6 cents higher than it was a year ago as prices continue their sideways trajectory following a spike in the early spring.
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Just reported fuel prices show that, for the first time since April 2012, the price gap between gasoline and diesel prices has narrowed to only 21 cents per gallon in June 2014.
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The national average price of gasoline remained unchanged at $3.704 per gallon for the week ending June 30, according to the U.S. Energy Information Administration.
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The national average price of gasoline rose 1.8 cents to $3.704 per gallon for the week ending June 23, reports the U.S. Energy Information Administration.
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The national average price of gasoline remained essentially flat, rising 1.2 cents to $3.686 for the week ending June 16, according to federal data.
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The national average price of gasoline fell 1.6 cents to $3.674 per gallon for the week ending June 9, according to federal data.
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In May, 23 states saw gasoline prices at least 10 cents greater than the same time in 2013, according to WEX Inc. Prices differed by region, but the current national average is $3.66 per gallon.
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The national average price of gasoline rose 1.6 cents to $3.69 per gallon for the week ending June 2, according to federal data. The price of gasoline now sits 4.4 cents above its year-ago level.
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The national average price of gasoline continued its sideways trend, rising nine-tenths of a percent to $3.674 for the week ending May 26, according to federal data.
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