TODAY IN ENERGY: At end of summer driving season, gasoline prices are lower than past two years

 

TODAY IN ENERGY: Friday, August 30, 2013

At end of summer driving season, gasoline prices are lower than past two years

As the Labor Day weekend approaches, the U.S. national average retail price for regular gasoline has fallen 13 cents per gallon below the apparent summer peak of $3.68 per gallon, reached on July 22. Last Monday, August 26, it was $3.55 per gallon, despite an increase in crude oil prices since early July. At $3.55 per gallon, the average U.S. retail price for regular gasoline is 19 cents below last year’s price at that time and 3 cents below the level in 2011 leading into the holiday weekend.

See graph and read more….

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