With the continuously falling price of Gasoline, this is probably the right time for you to move out on a long road trip. Well, this is not a joke, as the average national price for one gallon of regular gasoline has been falling at a steady rate for quite some time now. This is probably the lowest that the prices have gone in a few years now. The steady fall in the price of regular gasoline has now started to raise a few questions.
According to the statement of the Industry analyst, Mr. Trilby Lundberg, the price of regular gasoline has dropped 5 cents below the average at $2.45 per gallon. Three weeks ago the average price was recorded to be $2.50. She added on Sunday that the refineries and the retailers have intentionally reduced the prices, to maintain with the drivers in the United States. This comes as an interesting statement to quite a few individuals across the United States, but nevertheless the fall in the prices does seem a bit abnormal.
The San Francisco Bay area presently has the highest price tag of $3.13 per gallon of regular gasoline. Charleston in South Carolina has the lowest price at $2.10 per gallon. On the other hand, the average price for medium grade gasoline was $2.66 and that for premium gasoline, the average price was recorded at $2.93. The price of diesel has also dropped by about 8 cents to an average $2.90. Regular Gas has also seen a considerable fall in the prices as it has fallen by $1.16 from last year.
It will be interesting to see what effect this has on the global market, especially in the developing countries.