The nation’s average price of gasoline declined for the third straight week, falling 4.2 cents compared to a week ago to $3.37 per gallon, according to GasBuddy. The national average is down 11.4 cents from a month ago and is 47.8 cents per gallon lower than a year ago. The national average diesel price fell 2.6 cents last week and is $3.69 per gallon—the lowest level in 940 days.
GasBuddy’s Patrick De Haan says, “Gasoline and diesel prices continue to trail off across much of the country as summer demand fades away.”
With economic concerns persisting on one of the balance of markets and with the potential of further attacks in the Middle East, oil prices have been somewhat in limbo over the last week. Meanwhile, U.S. retail gasoline demand rose 0.1 percent for the week ending August 17, 2024.
