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

  • A motorist pumps gasoline at United Oil gas station in Los Angeles Friday, Aug. 12, 2022. The average U.S. price of regular-grade gasoline plummeted 45 cents over the past two weeks to $4.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, Aug. 14, 2022, that the continued decline comes as crude oil costs also remain low.

    A motorist pumps gasoline at United Oil gas station in Los Angeles Friday, Aug. 12, 2022. The average U.S. price of regular-grade gasoline plummeted 45 cents over the past two weeks to $4.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, Aug. 14, 2022, that the continued decline comes as crude oil costs also remain low. Associated Press

 
 
Updated 8/14/2022 4:19 PM

CAMARILLO, Calif. -- The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three 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.

 

'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.

Nationwide, the highest average price for regular-grade gas was in the San Francisco Bay Area, at $5.36 per gallon. The lowest average was in Baton Rouge, Louisiana, at $3.38 per gallon.

According to the survey, the average price of diesel plunged 37 cents over three weeks to $5.17 a gallon.

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This story has been corrected to show that the last survey was three weeks ago, not two.

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