The national average price for gasoline continued its decline, falling 7.1 cents to $3.194 for the week ending Nov. 11, reaching its lowest level in almost three years.
Gasoline has fallen to a level not seen since Feb. 28, 2011, when it reached $3.383 per gallon on average, according to federal data. Prices have fallen 25.5 cents in the past year. Prices have declined in 10 of the past 11 weeks.
Meanwhile, stronger global demand is keeping diesel from falling as precipitously. The national average dropped 2.5 cents to $3.832 per gallon, which was 14.8 cents lower than a year ago, according to the U.S. Department of Energy.
Originally posted on Automotive Fleet