National Gasoline Price Average Falls for 5th Straight Week

quote:

---

The nation’s average price of gasoline has fallen 4.0 cents over the last week and stands at $2.75 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 22.6 cents from a month ago and is 22.4 cents per gallon lower than a year ago. The national average price of diesel fell 5.4 cents in the last week and stands at $3.521 per gallon.

“For the fifth straight week, the national average price of gasoline has declined, with all but a handful of states seeing prices move lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have remained relatively low even amid the U.S. blockade on Venezuela’s oil exports. With refineries running at seasonally high output and gasoline inventories building, most states — outside of price-cycling markets — have continued to see declines, with some stations in nearly a dozen states now dipping below the $2-per-gallon mark. That trend could persist a bit longer before prices finally bottom out sometime in January or February.”

---

quote:

---

In early Monday trade, WTI crude oil was up $1.39 to $58.13 per barrel, up from last Monday’s $57.95 start, while Brent crude oil was up $1.38 to $62.02 per barrel, slightly higher than last Monday’s $61.91 per barrel fetch.

---

quote:

---

The states with the lowest average prices: Oklahoma ($2.17), Colorado ($2.33), and Texas ($2.33).

The states with the highest average prices: Hawaii ($4.36), California ($4.20), and Washington ($3.78).

Biggest weekly changes: Florida (-11.6¢), New Mexico (-10.2¢), Washington (-9.8¢), Colorado (-9.6¢), Indiana (-9.5¢)

---

quote:

---

The states with the lowest average diesel prices: Oklahoma ($2.92), Colorado ($2.99), and Texas ($3.02).

The states with the highest average diesel prices: Hawaii ($5.16), California ($4.88), and Washington ($4.65).

Biggest weekly changes: Wyoming (-17.6¢), Nebraska (-15.1¢), Oklahoma (-12.5¢), Idaho (-12.0¢), Utah (-11.3¢)

---