Fuel Prices Decline Again, Demand Increases


The nation’s average gas declined for the second straight week, dropping 7.3 cents from a week ago to $3.37 per gallon. The national average is up 10.9 cents from a month ago and 10.2 cents per gallon lower than a year ago. The national average diesel price fell 7.3 cents last week and stands at $4.52 per gallon.

GasBuddy’s Patrick De Haan says, “While diesel prices likely have a long way to fall as inventories continue to improve, gasoline prices in some areas have gone up in the last weeks as the transition to summer gasoline is just around the corner.” GasBuddy data shows that gasoline demand has risen for the third straight week, a trend that will likely continue as spring arrives. Also, refinery maintenance season will soon be in full force, likely putting upward pressure on prices.

On average, gasoline prices rise between 35 and 85 cents per gallon between March and Memorial Day.