Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Gasoline Declines to $2.46 Per Gallon

December 12, 2017

Photo by Vince Taroc.
Photo by Vince Taroc.

The national average price of gasoline continued its December decline by falling two cents to $2.46 for the week ending Dec. 11. The largest drops came in the East Coast and Midwest regions, according to AAA.

Drivers can expect further declines this month as supply strengthens and demand weakens, according to Jeanette Casselano, AAA spokesperson.

"Nationally, gas prices are 10 cents cheaper on the month and will continue to drop as we count down the days to the holidays," Casselano said. "AAA expects gasoline demand to weaken throughout the winter, which translates to better prices at the pump."

Consumer gasoline demand came in at less than 9 million barrels per day for the second consecutive week, while inventories increased by nearly 7 million barrels, according to the U.S. Energy Information Administration (EIA).

States with the largest weekly changes include Indiana (up 11 cents), Michigan (up 8 cents), and Kentucky (down 6 cents). States with the least expensive gasoline include Oklahoma ($2.19), Alabama ($2.20), South Carolina ($2.21), and Mississippi ($2.21).

Meanwhile, the average price of a gallon of diesel fell 1.2 cents to $2.91, which is 41.7 cents higher than a year ago, according to the EIA.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Sponsored by

API stands for Application Programming Interface. An API can be used to enable automated computer calls that request and receive information from a partner’s site.

Read more

Up Next

More From The World's Largest Fleet Publisher