Gas Prices Fall to $2.25 per Gallon on Average in U.S.

SourceTime
SectorOil & Gas
CountryGulf

(CAMARILLO, Calif.) — The average U.S. price of regular-grade gasoline fell half a penny over the past two weeks to just under $2.25 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday prices may change a little in the coming days as hurricanes pummel the Gulf Coast, impacting oil production. Still, a decline in demand for gasoline because of the pandemic means there is plenty of petroleum available for motorists. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area at $3.36 per gallon. The lowest average is in Houston at $1.78 per gallon. The average price of diesel in the survey taken Friday was $2.50 a gallon, down a penny from two weeks earlier. ...read more...