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At $3.43 per gallon, the national gasoline average is almost 17 cents per gallon lower than a year ago, according to WEX Inc.’s August Fuel Price Index. Experts predict prices will continue to decline and many states will have prices below $3 per gallon.
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The national average price of gasoline fell 1.8 cents to $3.454 for the week ending Aug. 25, marking a continued decline that began in early July, according to federal data.
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The national average price of gasoline continued its nearly two-month decline, falling 3.3 cents to $3.472 for the week ending Aug. 18, according to federal data.
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During the month of June, gasoline prices fell almost every day from $3.67 per gallon to $3.48. This is the lowest start to any August since 2010 when prices were $2.72 per gallon, according to WEX Inc.
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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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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 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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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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