Gas Prices Continue to Fall at the Pump

By Jesse Sokolow on 27 December 2018
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If you’ve noticed you can fill your tank at the pump for under $40 recently, it’s not an illusion. The average price of a gallon of gasoline in the United States has fallen to its lowest level in over a year.

The price at the pump averaged $2.321 on Monday according to the U.S. Energy Information Administration, a territory that drivers haven’t seen since August 2017.

Drivers in Gulf Coast states are paying well under two dollars per gallon while the price in California remains over three dollars.  In Missouri, the average price is $1.887, the lowest in the nation, and drivers in Independence, Missouri, were paying $1.64.

Meanwhile, the average price of a gallon of diesel fuel in the United States remained over three dollars, at $3.077 on Monday, almost 18 cents higher than a year ago.

While the demand for diesel fuel is down at the pump thanks to Dieselgate, Volkswagen’s emission-control rigging scandal, the demand for diesel is expected to soar thanks to new environmental rules that come into effect in 2020.

Gasoline prices were down in every region of the United States over the past week, although the decrease was less on the West Coast, where prices are up slightly over last year.

(Photo: Accura Media Group)