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Murky Future for Fuel Prices

Fuel prices fell again last week, but GasBuddy says the near-term future is murky. The decline marks the 14th consecutive week of declines. The nation’s average gas price declined 3.9 cents from a week ago to $3.64 per gallon. The national average is down 25.7 cents from a month ago but 45.9 cents higher than a year ago. The average diesel price declined 7.0 cents last week and stands at $4.93 per gallon. However, this week could change the downward trend, according to GasBuddy’s Patrick De Haan, who says, “With some issues arising in Plains and Great Lakes states as the transition to winter gasoline begins, I think we have the best potential to see the weekly trend of falling prices snapped.” West Coast states also continue to see increases as unexpected refinery issues continue to percolate, preventing a downward move. De Haan adds, “diesel prices should continue to ease after a much-needed jump in inventories last week.”

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