Florida – Over the past three weeks, the average U.S. price of regular-grade gasoline plummeted 45 cents to $4.10 per gallon.
According to industry analyst Trilby Lundberg of the Lundberg Survey, 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.
The average price of diesel plunged 37 cents over three weeks to $5.17 a gallon, according to the survey.
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