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HomeNewsBusinesscommoditiesAverage US gasoline price falls 45 cents to $4.10 per gallon

Average US gasoline price falls 45 cents to $4.10 per gallon

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.

August 14, 2022 / 22:59 IST
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The average price of regular-grade gasoline in the United States plummeted 45 cents over the past two weeks to $4.10 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low.

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The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels, Lundberg said in a statement.

The average price at the pump is down a dollar over the past nine weeks, but it's 85 cents higher than it was one year ago.