BusinessThe average U.S. gasoline price has fallen 45 cents...

The average U.S. gasoline price has fallen 45 cents in 3 weeks. It hasn’t been enough to bring back demand, an industry analyst says



CAMARILLO, Calif.—The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.

“The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels,” Lundberg said in a statement.

The average price at the pump is down a dollar over the past nine weeks, but it’s 85 cents higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $5.36 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.38 per gallon.

According to the survey, the average price of diesel plunged 37 cents over three weeks to $5.17 a gallon.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.



Original Source Link

Latest News

Why Did Yolanda Saldivar Kill Selena Quintanilla? Her Reason – Hollywood Life

Selena Quintanilla will always be remembered as the queen of Tejano music. Her hits, including “Bidi Bidi Bom...

3 things haven’t changed in software engineering

As a software engineer for 30 years, I see that AI coding is changing a lot, but not...

Nintendo readies Switch 2 launch amid trade wars

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly...

Best cheap robot vacuum deals March 2025

We’re in an age where you can realistically delegate tasks to smart hunks of metal, whether it’s a...

Must Read

Wildfires Ravage South Korea, Killing 24 People

SEOUL, South Korea (AP) — Wind-driven wildfires that...
- Advertisement -

You might also likeRELATED
Recommended to you